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 49
... return on investment in human capital dominates the gross real rate of interest . The second dynamic efficiency condition stipulates that the natural resource industry should invest in the natural resource as long as the gross return on ...
... return on investment in human capital dominates the gross real rate of interest . The second dynamic efficiency condition stipulates that the natural resource industry should invest in the natural resource as long as the gross return on ...
Page 53
... rate and 0.125 for the net real rate of interest . ( Again , it is only by accident that this interest rate tends to the real before - tax rate of return on investment in a portfolio of risky securities in financial markets . ) To ...
... rate and 0.125 for the net real rate of interest . ( Again , it is only by accident that this interest rate tends to the real before - tax rate of return on investment in a portfolio of risky securities in financial markets . ) To ...
Page 196
... rate of return on capital , because of a long - run increase in resource rents . Therefore the savings and investments are expected to be reduced in the long run . To capture this effect we use a savings ratio which is an increasing ...
... rate of return on capital , because of a long - run increase in resource rents . Therefore the savings and investments are expected to be reduced in the long run . To capture this effect we use a savings ratio which is an increasing ...
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