Environmental externalities and immiserizing structural changes in an economy with heterogeneous agents
AbstractThe way in which natural and physical capital are accumulated, distributed and harnessed underpins the functioning and sustainability of the productive system of each society as well as its social stratification. Significant changes in the interactions between natural and physical capital accumulation give rise to processes of structural change (SC) which affect not only sectoral composition of the productive system, but also social equity and environmental quality. We propose a taxonomy of different SCs on the basis of distributive, environmental and economic outcomes and we study a two-sector model with environmental externalities to identify under which conditions each SC can occur. Our model shows how the type of SC is shaped by the link between agents' heterogeneity in terms of productive asset endowment and their vulnerability to environmental degradation. In particular, we find that a SC associated with reduction in poverty and in environmental pressures can occur only if productivity of the physical capital-intensive sector increases but its rate of environmental impact remains relatively lower than that of the natural-capital intensive sector.
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Bibliographic InfoArticle provided by Elsevier in its journal Ecological Economics.
Volume (Year): 81 (2012)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/ecolecon
Structural change; Environmental externalities; Economic development; Poverty alleviation;
Find related papers by JEL classification:
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
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- Angelo Antoci & Paolo Russu & Elisa Ticci, 2013.
"Investment inflows and sustainable development in a natural resource-dependent economy,"
Department of Economics University of Siena
670, Department of Economics, University of Siena.
- Angelo Antoci & Paolo Russu & Elisa Ticci, 2011. "Investement inflows and sustainable development in a natural resource-dependent economy," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 0311, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
- Angelo Antoci & Paolo Russu & Serena Sordi & Elisa Ticci, 2012. "The interaction between natural resources- and physical capital-intensive sectors in a behavioral model of economic growth," Department of Economics University of Siena 661, Department of Economics, University of Siena.
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