An overlapping generations model of growth and the environment

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dc.contributor.authorJohn, A.en
dc.contributor.authorPecchenino, R.en
dc.contributor.departmentSustainable Agriculture and Natural Resource Management (SANREM) Knowledgebaseen
dc.date.accessioned2016-04-19T18:55:21Zen
dc.date.available2016-04-19T18:55:21Zen
dc.date.issued1994en
dc.descriptionMetadata only recorden
dc.description.abstractThis article analyses the potential conflict between economic growth and the maintenance of environmental quality in an overlapping generations model. Short-lived individuals make decisions which have long-lasting effects on both factor productivity and the environment. The model provides a theoretical explanation of observed correlations between environmental quality and income, whereby economic growth is associated first with declines, then improvements, in environmental quality. It suggests circumstances in which multiple Pareto-ranked steady-state equilibria may arise, and in which sustained growth of both capital and environmental quality may occur. Over-maintenance of the environment, analogous to dynamically inefficient over accumulation of capital, may emerge.en
dc.format.mimetypetext/plainen
dc.identifier928en
dc.identifier.citationThe Economic Journal 104(427): 1393-1410.en
dc.identifier.issn0013-0133en
dc.identifier.urihttp://hdl.handle.net/10919/65824en
dc.language.isoen_USen
dc.publisherThe Economic Journalen
dc.rightsIn Copyrighten
dc.rights.holderCopyright 1994 Royal Economic Societyen
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectEnvironmental servicesen
dc.subjectEconomic policyen
dc.subjectEconomic growthen
dc.subjectEnvironmental impactsen
dc.subjectEconomic growthen
dc.subjectEnvironmental qualityen
dc.subjectIncomeen
dc.subjectGovernanceen
dc.titleAn overlapping generations model of growth and the environmenten
dc.typeAbstracten
dc.type.dcmitypeTexten

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