Models of Sustainable DevelopmentSylvie Faucheux, David Pearce, David William Pearce, John L. R. Proops A rigorous approach to environmental sustainability suitable for researchers and graduate students in environmental economics. Surveys a wide range of approaches to modeling sustainable development, including neo-classical, evolutionary, ecological economics, and neo-Ricardian. Examines how they deal with such fundamental issues as equity between and within generations, the very long term, the irreversibility of ecological change, uncertainty and system complexity, and processes of technological change. Annotation copyright by Book News, Inc., Portland, OR |
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Page 26
... capital stock ( i.e. investment ) , f is the marginal product ( or the unit price ) of the i - th resource , a , is the marginal cost of depleting a unit of the i - th resource , and y , is the amount of each resource depleted . Solow ...
... capital stock ( i.e. investment ) , f is the marginal product ( or the unit price ) of the i - th resource , a , is the marginal cost of depleting a unit of the i - th resource , and y , is the amount of each resource depleted . Solow ...
Page 78
... stock is in proportion to the physical capital stock . Michel and Rotillon ( 1993 ) , for instance , integrate the environment into their model through a pollution flow in proportion to production . The evolution of the pollution stock ...
... stock is in proportion to the physical capital stock . Michel and Rotillon ( 1993 ) , for instance , integrate the environment into their model through a pollution flow in proportion to production . The evolution of the pollution stock ...
Page 84
... capital is not an input - ? depending on the absorption capacity of the environment if the natural capital stock has an influence on produc- tivity - yes if the equilibrium is dirty , no if it is clean - ? if the equilibrium is mixed ...
... capital is not an input - ? depending on the absorption capacity of the environment if the natural capital stock has an influence on produc- tivity - yes if the equilibrium is dirty , no if it is clean - ? if the equilibrium is mixed ...
Contents
Introduction | 1 |
Sustainability versus | 25 |
A Renewable Natural Resource Reproduction Competitive | 37 |
Copyright | |
14 other sections not shown
Common terms and phrases
allocation analysis approach assumptions behaviour Cambridge CGE models characterised circuit clean technologies climate change CO₂ concept constraint consumer consumption Costanza costs DeBellevue defined depends dynamics Ecological Economics economic growth economic model economic system Economic Theory ecosystem effects emissions endogenous growth endogenous growth theories energy technologies environment Environmental Economics equation equilibrium evolutionary exhaustible resources existence exogenous factors firms flow framework future greenhouse greenhouse gas growth models growth rate impact income increase innovation inputs interactions intergenerational equity intertemporal labour land-use learning-by-doing Liapunov function matrix N₁ natural capital natural environment neo-Ricardian neoclassical optimal organisational output overlapping generations model parameter path Patuxent Pearce period pollution possible problem produced capital production function production process regime resilience resource industry resource rent sector simulation social Solow spatial stability steady-state strategy structure substitution sustainable development technical change technical progress technique technological change trajectory University Press variables