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This paper presents a model which takes into account two main factors that have been partially neglected by the economic development literature: the environmental externalities of human activities and agents' heterogeneity in terms of asset endowment and, consequently, in terms of income source...
Persistent link: https://www.econbiz.de/10015215818
We model in an endogenous growth set-up the hypotheses that the expansion of market activities weakens social capital formation, and that firms can invest in formal mechanisms of control and enforcement to substitute for social capital (trust, work ethics, honesty). The model shows that the...
Persistent link: https://www.econbiz.de/10015228516
This paper examines the intermediary role of carbon dioxide emissions and GDP per capita in the relationship between natural resource rents and renewable energy, with a specific focus on distinguishing between renewable energy consumption and production. Specifically, the paper aims to identify...
Persistent link: https://www.econbiz.de/10015214082
This paper develops an economic equilibrium model for pollution management and resource generation within a district …
Persistent link: https://www.econbiz.de/10015214268
We analyze ecosystem management under `unmeasurable' Knightian uncertainty or ambiguity which, given the uncertainties characterizing ecosystems, might be a more appropriate framework relative to the classic risk case (measurable uncertainty). This approach is used as a formal way of modelling...
Persistent link: https://www.econbiz.de/10015215120
We address the problem of optimal management of a self organizing ecosystem along ecological succession. A dynamic carrying capacity is interpreted as depicting the dynamics of habitat creation and occupation along ecological succession. The ecosystem may have three growth modes: pure...
Persistent link: https://www.econbiz.de/10015215612
genuine saving for Portugal 1991-2005, accounting for the disamenity of air pollution emissions, the depreciation of …
Persistent link: https://www.econbiz.de/10015215614
This work examines the impact that economic growth can have on biodiversity and on the ecological dynamics that would naturally emerge in the absence of human activity. The loss of biodiversity may induce policy-makers to implement defensive actions that prevent single species from extinction....
Persistent link: https://www.econbiz.de/10015215816
The main objective of the paper is to analyze the effects on economic agents’ behavior deriving from the introduction of financial activities aimed to environmental protection. The environmental protection mechanism we study should permit exchange of financial activities among citizens, firms,...
Persistent link: https://www.econbiz.de/10015215817
We analyze an overlapping generations model where agent’s welfare depends on three goods: leisure, environmental quality and consumption of a private good. We assume that the production process of the private good depletes the natural resource and that the consumption of the private good...
Persistent link: https://www.econbiz.de/10015215878