Optimal environmental policy and the dynamic property in LDCs | Zendy

Masahiro Yabuta | Zendy

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Optimal environmental policy and the dynamic property in LDCs

Author(s) -

Masahiro Yabuta

Publication year - 2002

Publication title -

discrete dynamics in nature and society

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.264

H-Index - 39

eISSN - 1607-887X

pISSN - 1026-0226

DOI - 10.1080/1026022021000000239

Subject(s) - social planner , planner , consumption (sociology) , economics , context (archaeology) , per capita , control (management) , turnover , allowance (engineering) , business , economic system , microeconomics , computer science , operations management , paleontology , social science , population , demography , management , sociology , biology , programming language

This paper has provided a model framework of foreign assistance policy in the context of dynamic optimal control and investigated the environmental policies in LDCs that received some financial support from abroad. The model framework features a specific behavior of the social planner who determines the level of voluntary expenditure for preservation of natural environment. Because more financial needs for natural environmental protection means less allowance of growth-oriented investment, the social planner confronts a trade-off problem between economic growth and environmental preservation. To tackle with this clearly, we have built a dynamic model with two control variables: per-capita consumption and voluntary expenditure for natural environment

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