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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 country with rapid population growth, South Africa may face more serious …
Persistent link: https://www.econbiz.de/10011406157
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 country with rapid population growth, South Africa may face more serious …
Persistent link: https://www.econbiz.de/10010473538
Persistent link: https://www.econbiz.de/10011914548
Economies that currently have the same productive capacity may implement different growth rates. This entails that it … for future growth in an arbitrary manner. NNP-based measures trade off current well-being and the potential for future … growth in a consistent manner. This paper shows that it matters for NNP-based measures whether different growth rates in …
Persistent link: https://www.econbiz.de/10008511667
Economies that currently have the same productive capacity may implement different growth rates. This entails that it … for future growth in an arbitrary manner. NNP-based measures trade off current well-being and the potential for future … growth in a consistent manner. This paper shows that it matters for NNP-based measures whether different growth rates in …
Persistent link: https://www.econbiz.de/10010285571
growth, or by an expanded measure of real NNP growth. Practical ways of approximating these measured are discussed. By … growth, using a result due to Arrow et al. (2003). The result are compared to those arising when instantaneous well …
Persistent link: https://www.econbiz.de/10010284340
growth, or by an expanded measure of real NNP growth. Practical ways of approximating these measured are discussed. By … growth, using a result due to Arrow et al. (2003). The result are compared to those arising when instantaneous well …
Persistent link: https://www.econbiz.de/10005652230
Persistent link: https://www.econbiz.de/10005243484
environmental problems: (i) optimal renewable resource use, (ii) the tragedy of the commons, (iii) economic growth and pollution. I … access resources. In a model of economic growth and pollution, hyperbolic discounting establishes the Golden Rule of capital …
Persistent link: https://www.econbiz.de/10011742926
In this paper it is argued that the domestic division of labor and trade is organized according to the same principle as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source of these comparative advantages is the individual. The...
Persistent link: https://www.econbiz.de/10005642399