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 55
... securities , for the creation of a wage fund to advance wage payments during the natural reproduction cycle , during ... government bonds net wealth ?, Journal of Political Economy 82 : 1095-1117 . Baumol , W. and Benhabib , J. ( 1989 ) ...
... securities , for the creation of a wage fund to advance wage payments during the natural reproduction cycle , during ... government bonds net wealth ?, Journal of Political Economy 82 : 1095-1117 . Baumol , W. and Benhabib , J. ( 1989 ) ...
Page 63
... Government deficits are financed by issuance of instantaneous bonds . The dynamics of public debt is thus given by the flow budget identity : dB ( t ) dt = = r ( t ) B ( t ) + G ( t ) −T ( t ) . ( 4.9 ) The market solution of the model ...
... Government deficits are financed by issuance of instantaneous bonds . The dynamics of public debt is thus given by the flow budget identity : dB ( t ) dt = = r ( t ) B ( t ) + G ( t ) −T ( t ) . ( 4.9 ) The market solution of the model ...
Contents
Introduction | 1 |
Sustainability versus | 25 |
A Renewable Natural Resource Reproduction Competitive | 37 |
Copyright | |
14 other sections not shown
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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