In this paper, we analyze a dynamic stochastic general equilibrium model on how water resilience affacts economic growth and dynamic welfare with special reference to South Africa. While water may become a limiting factor for future development in general, as a drought prone and water poor...

The Asia Water Development Outlook – a flagship publication by the Asian Development Bank - monitors progress in water security in the Asia Pacific region. For the first time, the 2020 edition documents financing flows that contribute to – or that are needed to enhance – water security in...

Global freshwater demand is projected to increase substantially in the coming decades, making water one of the most fiercely contested resources on the planet. Water is linked to many economic activities, and there are complex channels through which water affects economic growth. The purpose of...

This paper served as a background paper to the European Report on Development 2011/2012: Confronting scarcity: Managing water, energy and land for inclusive and sustainable growth. The European Report on Development was prepared by the Overseas Development Institute (ODI) in partnership with the...

A number of recent papers have found that certain measures of pollution worsen and later improve as income per head increases. It is widely believed that the downhill portion of this inverted-U curve reflects an induced policy response; that, as incomes rise, citizens demand improvements in...

The environmental Kuznets curve theory suggests that economic growth may reduce environmental problems. In this article, we analyze the changes in environmentally damaging emissions to air in Norway from 1980 to 1996. In order to reveal the factors which decrease the emissions per produced unit,...

In recent years, extensive literature on the Environmental Kuznets Curve leading to optimistic policy conclusions has attracted great attention. However, the underlying cross-section estimations are not very reliable. Accordingly, this contribution uses time series data for a single country with...

Economic growth does not necessarily ensure environmental sustainability for a country. The relationship between the two is far more complicated for developing countries like India, given the dependence of a large section of the population on natural resources for livelihood. Under this...

This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through...

In recent years, extensive literature on the Environmental Kuznets Curve leading to optimistic policy conclusions has attracted great attention. However, the underlying cross-section estimations are not very reliable. Accordingly, this contribution uses time series data for a single country with...