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Optimal Economic Growth With Exhaustible Resources
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Book Synopsis Optimal Economic Growth with Exhaustible Resources by : Prem C. Garg
Download or read book Optimal Economic Growth with Exhaustible Resources written by Prem C. Garg and published by Routledge. This book was released on 2017-10-17 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979. For decades conservationists have argued that increasing population will eventually out-strip the limited natural resources of the earth. Economists have responded by saying that any resource scarcity will be forestalled by changes in tastes and technology, induced by the appropriate price signals. This study is an attempt to develop a theoretical framework for analysing some of the issues related to this debate. Using an optimal growth theory framework, the author analyses the problem of optimally allocating a finite stock of the resource over time. In the process the author points out the crucial parameters and value judgments relevant to the various issues. This title will be of interest to students of environmental economics.
Book Synopsis Economic Theory and Exhaustible Resources by : P. S. Dasgupta
Download or read book Economic Theory and Exhaustible Resources written by P. S. Dasgupta and published by Cambridge University Press. This book was released on 1979 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: A book on the economics of exhaustible resources requires no justification. A long book does. The purist will find disquieting our two-asset, constant population model with which we analyse growth possibilities in an economy with exhaustible resources.
Book Synopsis The Optimal Depletion of Exhaustible Resources by : Hassan Benchekroun
Download or read book The Optimal Depletion of Exhaustible Resources written by Hassan Benchekroun and published by . This book was released on 2010 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics of Exhaustible Resources by : G. M. Heal
Download or read book The Economics of Exhaustible Resources written by G. M. Heal and published by . This book was released on 1993 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: These 27 articles on the economics of exhaustible resources date from 1931 to 1991.
Book Synopsis Scarcity and Growth by : Harold J. Barnett
Download or read book Scarcity and Growth written by Harold J. Barnett and published by Routledge. This book was released on 2013-10-18 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this classic study, the authors assess the importance of technological change and resource substitution in support of their conclusion that resource scarcity did not increase in the Unites States during the period 1870 to 1957. Originally published in 1963
Book Synopsis Population Growth and Economic Development by : National Research Council
Download or read book Population Growth and Economic Development written by National Research Council and published by National Academies Press. This book was released on 1986-02-01 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses nine relevant questions: Will population growth reduce the growth rate of per capita income because it reduces the per capita availability of exhaustible resources? How about for renewable resources? Will population growth aggravate degradation of the natural environment? Does more rapid growth reduce worker output and consumption? Do rapid growth and greater density lead to productivity gains through scale economies and thereby raise per capita income? Will rapid population growth reduce per capita levels of education and health? Will it increase inequality of income distribution? Is it an important source of labor problems and city population absorption? And, finally, do the economic effects of population growth justify government programs to reduce fertility that go beyond the provision of family planning services?
Book Synopsis Resource and Environmental Economics by : Anthony C. Fisher
Download or read book Resource and Environmental Economics written by Anthony C. Fisher and published by CUP Archive. This book was released on 1981-11-30 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exhaustible resources: the theory of optimal depletion; Renewable resources: the theory of optimal use; Resource scarcity: are resources limits to growth? Natural resources and natural environments; Environmental pollution; Some concluding thoughts: the role of economics in the study of resource and environmental problems.
Book Synopsis Optimal Economic Growth and Non-Stable Population by : Evert van Imhoff
Download or read book Optimal Economic Growth and Non-Stable Population written by Evert van Imhoff and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies optimal economic growth in a closed economy which experiences non-stable population growth. The economy is described by means of a neoclassical growth model which distinguishes overlapping generations within the population. The basic neoclassical growth model is extended to include various types of technical change, as well as investment in human capital or education. The research described in this book connects the analytical tools of traditional growth theory with the actual demographic experience of most industrialized countries. The role of demographic processes in the growth theoretical literature is discussed in the next section. The discussion will show that growth theory needs to extend its scope through the construction of growth models which explicitly recognize demographic forces as a potential source of non-stationarities. This book constitutes a first attempt at such a demographic extension. 1.1 Growth theory and demographic change The theory of economic growth (e.g. Solow, 1970; Burmeister & Dobell, 1970; Wan, 1971) attempts to describe and to explain the long-run development of an economic system (or, in short, economy). An economic system is essentially dynamic in nature. Among the most important sources of dynamics in economics are the following: accumulation of capital (investment); technical change; population growth. Some of these dynamic forces are, at least in part, endogenous to the economic system (i.e. determined by economic variables).
Download or read book Sustainability Economics written by and published by Routledge. This book was released on 2013 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is a concise introduction to an emerging field within economics. Drawing on numerous disciplines, including environmental science, environmental and ecological economics and optimal growth theory, sustainability remains a hazy and complex subject. The author set out with two objectives: one, to bring some order into the proliferating measures, models and management of sustainability; and two, to facilitate access to a complex inter-disciplinary subject area. The book points to practical ways of assessing and enhancing the long-term environmental and economic sustainability of our economies. The result is a fully international study that should bridge the gap between disciplines and prove to be an essential guide to anyone interested in one of the most important concepts in the social sciences.
Book Synopsis Energy Abstracts for Policy Analysis by :
Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1982 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Technological Change by : Aurora Teixeira
Download or read book Technological Change written by Aurora Teixeira and published by BoD – Books on Demand. This book was released on 2012-04-11 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological change is today central to the theory of economic growth. It is recognised as an important driver of productivity growth and the emergence of new products from which consumers derive welfare. It depends not only on the work of scientists and engineers, but also on a wider range of economic and societal factors, including institutions such as intellectual property rights and corporate governance, the operation of markets, a range of governmental policies (science and technology policy, innovation policy, macroeconomic policy,competition policy, etc.), historical specificities, etc. Given that technology is explicitly taken up in the strategies and policies of governments and firms, and new actors both in the national and international arenas become involved, understanding the nature and dynamics of technology is on demand. I anticipate that this book will decisively contribute in this regard.
Book Synopsis An Inquiry Into Well-being and Destitution by : Partha Dasgupta
Download or read book An Inquiry Into Well-being and Destitution written by Partha Dasgupta and published by Oxford University Press. This book was released on 1995 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: An interdisciplinary book by one of the most respected scholars in what is broadly development economics but encompasses the most recent insights from philosophical research and empirical work on resource allocation, nutrition science, and anthropology. It has been widely recognized as aseminal work presenting a wide-ranging description of the causes and remedies of poverty and undernourishment, and addressing the current debate over methods of estimating their incidence.
Book Synopsis Frontiers of Economics by : Abu N. Wahid
Download or read book Frontiers of Economics written by Abu N. Wahid and published by Bloomsbury Publishing USA. This book was released on 2002-06-30 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics Nobel laureates are the pioneers of the science of economics. They are the most brilliant products of the discipline and have made enormous original contributions to the field of economics, and oftentimes history, political science, business, and other subjects. Their works, struggles, successes and failures are fascinating, and readers are given a glimpse into each laureate's life, where and when they were born and raised, what schools they attended, and who influenced their intellectual development. Most importantly, each laureate's often complex corpus of work is described as succinctly as possible without losing the work's original flavor: what it contributed to the field, and how it was received by peers, and how it affected the world. A list of selected further readings concludes each entry, directing the reader to the primary and secondary works essential to understanding the works of these towering figures. Arranged chronologically by year of award, all 44 entries cogently explain the laureate's life's work in language even non-economists can follow. Economists interested in the intellectual history of their discipline, and professors and students of business will find Wahid's book a very useful resource when seeking out the basic outlines of the thoughts of the scholars who have shaped the fields of economic inquiry, practice, and research. Also, any student in the social sciences thumbing through this book will instantly recognize many currents of thought that have influenced the way scholars in their discipline approach their craft.
Book Synopsis The Economics of Sustainability by : John C.V. Pezzey
Download or read book The Economics of Sustainability written by John C.V. Pezzey and published by Routledge. This book was released on 2017-09-08 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: Before the late 1980s, when the ideas of sustainability and sustainable development to the forefront of public debate, conventional, neo-classical economic thinking about development and growth had rarely given any consideration to the needs of future generations, or the sustainability of natural resource use. Defining sustainability broadly as intergenerational fairness in the long-term decision making of a whole society, and using established economic concepts, this selection of refereed journal articles brings a famously ill-defined concept into sharp focus, providing academics at all levels with a formidable research tool. Spanning thirty years of the most important philosophical, theoretical and empirical contributions from both critics and defenders of neo-classical assumptions and methods of economic analysis, this focused collection of papers constitutes a unique, balanced resource on the full range of intellectual debates surrounding the economics of sustainability.
Book Synopsis Long-Run Economic Growth by : Steven Durlauf
Download or read book Long-Run Economic Growth written by Steven Durlauf and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.
Download or read book Capital Theory written by John Eatwell and published by Springer. This book was released on 1990-07-23 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of capital theory.
Book Synopsis The Global Environment, Natural Resources, and Economic Growth by : Alfred Greiner
Download or read book The Global Environment, Natural Resources, and Economic Growth written by Alfred Greiner and published by Oxford University Press. This book was released on 2008-07-25 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, the public attention has turned toward the intricate interrelation between economic growth and global warming. This book focuses on this nexus but broadens the framework to study the issue. Growth is seen as global growth, which affects the global environment and climate change. Global growth, in particular high economic growth rates, imply a fast depletion of renewable and non-renewable resources.Thus this book deals with the impact of the environment and the effect of the exhaustive use of natural resources on economic growth and welfare of market economies as well as the reverse linkage. It is arranged in three parts: Part I of the book discusses the environment and growth. There, Greiner and Semmler incorporate the role of environmental pollution into modern endogenous growth models and use recently developed dynamic methods and techniques to derive appropriate abatement activities that policymakers can institute. Part II looks at global climate change using these same growth models. Here, too, the authors provide direct and transparent policy implications. More specifically, the authors favour tax measures, such as a carbon tax, over emission trading as instruments of mitigation policies. Part III evaluates the use and overuse of renewable and non-renewable resources in the context of a variety of dynamic models. They, in particular, consider the cases when resources interact as an ecological system and analyze issues of ownership of resources as well as policy measures to avoid the overuse of resources. In addition, not only intertemporal resource allocation but also the eminent issues relating to intertemporal inequities, as well as policy measures to overcome them, are discussed in each part of the book.
