Feasibility and optimality of sustainable growth under materials balance

Kenichi Akao, Shunsuke Managi

研究成果: Article

18 引用 (Scopus)

抜粋

Pollution from consumption and production is an inevitable part of economic processes. We employ a materials balance approach and develop an endogenous growth theory, with recycling activity, to examine the evolution of the economic and environment systems. This paper provides feasibility and optimality conditions for sustainable economic growth with rising environmental quality. The fundamental condition of feasibility is that the flow of natural resources, which eventually returns to the environment as waste and pollution, has a negative growth rate in the long run.

元の言語English
ページ(範囲)3778-3790
ページ数13
ジャーナルJournal of Economic Dynamics and Control
31
発行部数12
DOI
出版物ステータスPublished - 2007 12

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ASJC Scopus subject areas

  • Economics and Econometrics
  • Control and Optimization

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