Economic growth and the environment: an introduction to the theory
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford [u.a.]
Oxford Univ. Press
2013
|
| Ausgabe: | 1. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis Klappentext |
| Beschreibung: | Hier auch später erschienene, unveränderte Nachdrucke |
| Beschreibung: | XVI, 217 S. graph. Darst. |
| ISBN: | 9780199663897 9780198705420 0199663890 |
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Datensatz im Suchindex
| _version_ | 1804150110755487744 |
|---|---|
| adam_text | Economie
Growth
ond
the
Environment examines
the debate on how to
reconcile economic growth with protection of the natural environment,
and the closely related discussion on whether an increasing scarcity of
natural resources will eventually force economic growth to cease. The
debate between growth optimists and growth pessimists centres on
whether environmental policies will benefit the economy or not.
Economists have been optimistic and have pointed to the possibilities
of technological progress and substitution, yet they also acknowledge
that natural resources and environmental concern do restrict economic
growth. The difficulty lies in quantifying the constraint to economic growth.
Modern growth economists have constructed models to examine to what
extent the growth pessimism is theoretically warranted. This book
provides an introduction to some of these models. It brings together the
discussion between growth optimists and growth pessimists, and presents
the theory behind their arguments. It aims to present models where both
sides can meet and where both are able to derive their expected results
with parameter values that they deem appropriate. From there, the
discussions can turn to the empirical observations about these parameters.
This book will be of interest to advanced undergraduates in
economics, microeconomics, economic growth, sustainable
includes a set of Exercises to help the reader master
the models.
PRESS
www.oup.com
CONTENTS
UST
OF FIGURES
Xlii
PREFACE
xv
1
Introduction
1
1.1
The fundamental question: IS SUSTAINABIUTY
FEASIBLE?
2
1.2
Why growth?
4
1.3
Delimitations
6
1.4
Disposition
7
1.4.1
Part t: Tools
η
1.4.2
Part
ÍI:
Natural resources
8
1.4.3
Part III: Pollution
g
PART I TOOLS
2
Production
13
2.1
Production function
13
2.1.1
Inputs
13
2.1.2
Neo-classical assumptions
15
2.2
Variables in intensity form
16
2.2.1
Per capita variables
17
2.2.2
Per unit of effective labor
20
2.2.3
The capital-output
ratto
21
2.3
The elasticity of substitution
21
2.4
Income shares (output elasticities)
25
2.4.1
Kaldor facts
25
2.4.2
Defining income shares
25
2.4.3
Income shares and output growth
26
2.4.4
Some implications
28
2.5
The
CES
function
29
2.5.1
income shares
29
2.5.2
intensity form
30
2.6
Conclusion
33
2.7
Exercises
34
VIH
í V
3
The Solow model
35
3.1
Capital accumulation
36
3.2
Solow s fundamental equation
37
3.2.1
Deriving the equation
37
3.2.2
Some implications
38
3.3
Steady state
40
3.3.1
Without technological change
40
3.3.2
With technological change
43
3.3.3
The Golden Rule
44
3.4
Transition to steady state
46
3.4.1
Without technological change
46
3.4.2
With technological change
50
3.5
Endogenous growth
51
3.6
The
CES
case
54
3.7
An alternative solution method
55
3.8
Conclusion
57
3.9
Exercises
58
4
Endogenous technological change
61
4.1
Some properties of technology
62
4.2
The extended model
63
4.2.1
The research sector
63
4.2.2
Thefuíí
model
65
4.3
Four cases
67
4.3.1
Endogenous growth
(Romer)
67
4.3.2
Serni-endogenous growth (Jones)
68
4.3.3
Weak limits to growth
70
4.3.4
Absolute limits to growth
71
4.4
Directed technological change
72
4.5
Steady state direction (optional)
75
4.5.1
Step
1 76
4.5.2
Step
2 77
4.6
Conclusion
78
4.7
Exercises
79
PART II NATURAL RESOURCES
5
Land
83
5.1
The production factor iand
84
5.2
The general model
85
5.2.1
Direction of technological change
85
5.2.2
Implications
87
í.
OU
ГЕ
HV
<
¡χ
5.3
Transitional dynamics
38
5.4
The CES
case gi
5.5
A Cobb-Douglas case
94
5.6
Variable population growth
97
5.6.1
Exogenous population growth
5.6.2
Endogenous population growth
5.7
Conclusion
102
5.8
Exercises
103
5.9
Appendix
103
5.9.1
Balanced direction
Ю3
5.9.2
Output growth
1
O4
6
Exhaustible resources
107
6.1
The energy constraint
109
6.2
The general case
111
6.2.1
Direction of technological change
111
6.2.2
implications
112
6.2.3
Transitional dynamics II4
6.3
Energy in the
CES
function
116
6.3.1
Balanced growth
Î16
6.3.2
Non-balanced growth II7
6.4
A Cobb-Douglas case
121
6.4.1
With technological progress
121
6.4.2
Without technological progress
123
6.5
Transition to renewable energy
126
6.5.1
Firm optimization
126
6.5.2
The full growth model
129
6.5.3
Long-run growth
-¡ЗІ
6.5.4
Long-run energy paths
132
6.6
The resource curse
134
6.6.1
Negative and positive experiences of natural
resources
135
6.6.2
Explanations of the natural resource curse I35
6.6.3
Summary on the resource curse
1 37
6.7
Conclusion
137
6.8
Exercises
138
6.9
Appendix
138
6.9.1
Balanced direction
138
6.9.2
Output growth
140
6.9.3
Integrating the resource constraint
140
6.9.4
Time derivative of
E
141
6.9.5
Growth rates of
Лг
and
R I43
PART 111 POLLUTION
7
Pollution reduction by abatement
147
7.1
Scale, composition, and technology effects
148
7.2
Stock pollution
152
7.3
Production, pollution, and abatement
156
7.3.1
Specific Form I
158
7.3.2
Specific Form II
159
7.3.3
Specific Form III
160
7.4
The growth model
161
7.5
Abatement share
165
7.6
Environmental policy
166
7.7
Conclusion
167
7.8
Exercises
168
8
Pollution reduction by directed technological change
169
8.1
A model with environmental technology
1 70
8.1.1
Output and growth
170
8.1.2
Pollution
171
8.1.3
The simplest case
172
8.2
Cobb-Douglas
174
8.3
CES
179
8.4
Phasing out a polluting input
182
8.4.1
Recollection of the model
183
8.4.2
Good substitution
possibilités
185
8.4.3
Bad
substitutton
possibilities
186
8.5
Conclusion
187
8.6
Exercises
188
9
Utility maximization
189
9.1
A general model
190
9.1.1
The model
190
9.1.2
Optimal time path of pollution
191
9.2
A special case
194
9.2.
Î
Using the formula
194
9.2.2
Using the utility-maximization condition
1 95
9.3
The Stokey model
197
9.3.1
Consumption and pollution
197
9.3.2
Utility maximization
198
9.3.3
Solution
201
9.4
Increasing returns to abatement
203
Г О
r; r i H
ї
Г
χι
9.5
Empirics on the environmental Kuznets curve
205
9.5.1
Method and early resuits
206
9.5.2
Criticism
207
9.6
Conclusion
208
9.7
Exercises
209
BIBLIOGRAPHY
211
AUTHOR INDEX
215
SUBJECT INDEX
216
|
| any_adam_object | 1 |
| author | Eriksson, Clas |
| author_GND | (DE-588)171167724 |
| author_facet | Eriksson, Clas |
| author_role | aut |
| author_sort | Eriksson, Clas |
| author_variant | c e ce |
| building | Verbundindex |
| bvnumber | BV040778188 |
| classification_rvk | QT 200 |
| classification_tum | UMW 030f WIR 101f |
| ctrlnum | (OCoLC)845514049 (DE-599)BVBBV040778188 |
| dewey-full | 333.7 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 333 - Economics of land and energy |
| dewey-raw | 333.7 |
| dewey-search | 333.7 |
| dewey-sort | 3333.7 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften Umwelt |
| edition | 1. ed. |
| format | Book |
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| id | DE-604.BV040778188 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:33:43Z |
| institution | BVB |
| isbn | 9780199663897 9780198705420 0199663890 |
| language | English |
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| oclc_num | 845514049 |
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| physical | XVI, 217 S. graph. Darst. |
| psigel | UBM-RCC |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Oxford Univ. Press |
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| spelling | Eriksson, Clas Verfasser (DE-588)171167724 aut Economic growth and the environment an introduction to the theory Clas Eriksson 1. ed. Oxford [u.a.] Oxford Univ. Press 2013 XVI, 217 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Hier auch später erschienene, unveränderte Nachdrucke Nachhaltigkeit (DE-588)4326464-5 gnd rswk-swf Wirtschaftstheorie (DE-588)4079351-5 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 s Nachhaltigkeit (DE-588)4326464-5 s Wirtschaftstheorie (DE-588)4079351-5 s b DE-604 Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025756483&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025756483&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | Eriksson, Clas Economic growth and the environment an introduction to the theory Nachhaltigkeit (DE-588)4326464-5 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| subject_GND | (DE-588)4326464-5 (DE-588)4079351-5 (DE-588)4066527-6 |
| title | Economic growth and the environment an introduction to the theory |
| title_auth | Economic growth and the environment an introduction to the theory |
| title_exact_search | Economic growth and the environment an introduction to the theory |
| title_full | Economic growth and the environment an introduction to the theory Clas Eriksson |
| title_fullStr | Economic growth and the environment an introduction to the theory Clas Eriksson |
| title_full_unstemmed | Economic growth and the environment an introduction to the theory Clas Eriksson |
| title_short | Economic growth and the environment |
| title_sort | economic growth and the environment an introduction to the theory |
| title_sub | an introduction to the theory |
| topic | Nachhaltigkeit (DE-588)4326464-5 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| topic_facet | Nachhaltigkeit Wirtschaftstheorie Wirtschaftswachstum |
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