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We analyze an economy in which sectors are heterogeneous with respect to the intensity of natural resource use. Long-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path and determine stability conditions. Technical...
Persistent link: https://www.econbiz.de/10008746684
I define "generous sustainability" as a combination of two conditions: neither instantaneous maximin income nor attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a Ramsey economy, and a Climate Economy. Generosity is shown...
Persistent link: https://www.econbiz.de/10010438470
We analyze an economy in which sectors are heterogeneous with respect to the intensity of natural resource use. Long-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path and determine stability conditions. Technical...
Persistent link: https://www.econbiz.de/10003762230
We analyse long-term consumption paths in a dynamic two-sector economy with overlapping generations. Each young generation saves for the retirement age, both with private savings and pension funds. The productivity of each sector can be raised by sector-specific research while the essential use...
Persistent link: https://www.econbiz.de/10002634021
This study contributes to the scholarly literature on the drive towards sustainable development in light of the UN's Agenda 2030 and the African Union's Agenda 2063 by examining pathways through which energy efficiency (EE) promotes inclusive green growth (IGG) in Africa. Our contribution is...
Persistent link: https://www.econbiz.de/10013262630
The motivation for sustainable development is universal but strides to achieve it have been mixed in the literature with some schools of thought's position that economic growth is anti-sustainable development. The crux of this study is to examine the coordinating role (as engine) of human...
Persistent link: https://www.econbiz.de/10011664853
Globally, there is a clamour for creating a more inclusive world and India is also a frontrunner. Government of India is fully committed to its resolve towards achieving inclusive growth. To achieve this goal, efforts are being made to harmonise the national development priorities with...
Persistent link: https://www.econbiz.de/10012006946
One of the basic aspects of sustainable development strategy involves investments in green technologies, including energy production from renewable sources. Biomass, special organic waste which belongs to “green sources” of energy can be used in the methane fermentation process of biogas...
Persistent link: https://www.econbiz.de/10011943060
Economic growth and sustainable development are important issues for social prosperity. Sustainable development strives for moderate and responsible use within the economic activity of the limited resources of our planet, whereas economic growth does not limit the resource exploitation and...
Persistent link: https://www.econbiz.de/10011841891
The impact of human economic activity on the environment and its irreversible changes. An interdisciplinary approach to the development of the economic system has been used in this paper due to the fact that the subject of the study goes beyond the functional economic sciences, and economics in...
Persistent link: https://www.econbiz.de/10011960088