Feasibility and optimality of sustainable growth under materials balance

Ken Ichi Akao, Shunsuke Managi

研究成果: Article査読

23 被引用数 (Scopus)

抄録

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.

本文言語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
12
DOI
出版ステータスPublished - 2007 12

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 制御と最適化
  • 応用数学

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