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Production often causes pollution as a by-product. Once pollution problems become too severe, regulation is introduced … and decline of pollution can be explained by policyinduced technology shifts. …
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Production often causes pollution as a by-product. Once pollution problems become too severe, regulation is introduced … claim that the rise and decline of pollution can be explained by policy-induced technology shifts …
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The paper develops an integrated baseline model to assess the trade-offs between the natural environment and economic … accumulation and the sectoral structure of the economy as key elements to cope with resource scarcity and pollution. Model … environment and economic growth can be compatible but that small deviations from the optimal paths my entail unsustainable …
Persistent link: https://www.econbiz.de/10012981598
This review develops an integrated baseline model to assess the trade-offs between the natural environment and economic … accumulation and the sectoral structure of the economy as key elements to cope with resource scarcity and pollution. Model … of the solution; it also addresses uncertainty and momentum effects. This review concludes that the environment and …
Persistent link: https://www.econbiz.de/10014118690
This paper presents a macroeconomic approach to sustainable growth. After clarifying the concept of sustainability, the interdependence between natural resources and accumulated capital stocks such as physical, human, and knowledge capital is discussed. The conditions for the substitution...
Persistent link: https://www.econbiz.de/10009623407