Sustainable development with extractive and non-extractive use of the environment in production | Zendy

F.A.G. den Butter | Zendy; M.W. Hofkes | Zendy

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Sustainable development with extractive and non-extractive use of the environment in production

Author(s) -

F.A.G. den Butter,

M.W. Hofkes

Publication year - 1995

Publication title -

environmental and resource economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.27

H-Index - 92

eISSN - 1573-1502

pISSN - 0924-6460

DOI - 10.1007/bf00691818

Subject(s) - production (economics) , economics , sustainable development , welfare , endogenous growth theory , work (physics) , order (exchange) , natural resource economics , growth model , environmental economics , microeconomics , ecology , economic growth , market economy , engineering , mechanical engineering , finance , biology , human capital

This paper considers an economy in which the environment plays a role both in welfare and production. An endogenous growth model, which allows for abatement activities, is formulated in order to study the impact of pollution on welfare and long-term growth. Conditions for optimal and balanced economic growth are discussed and a numerical example is given to provide some insight in the mechanisms at work in the model. Copyright Kluwer Academic Publishers 1995endogenous growth, sustainable development, environmental quality,

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