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Endogenous Model of Sustainable Development and Environmental Protection

Author

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  • Yuli Radev

    (University of Mining and Geology, Sofia, Bulgaria)

Abstract

Endogenous model of sustainable development and environmental protection is an alternative to neoclassical models. The model is called endogenous, as the economic growth is described in the framework of the model on the base of human capital and knowledge. Moreover, natural resources are presented in terms of biophysical laws. However, it was retained the neoclassical rule for sustainable development and environmental protection - permanent consumption and constant level of remaining natural resources, providing a favourable environment for living.

Suggested Citation

  • Yuli Radev, 2014. "Endogenous Model of Sustainable Development and Environmental Protection," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 23-42, July.
  • Handle: RePEc:nwe:iisabg:y:2014:i:3:p:23-42
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    File URL: http://www.unwe.bg/uploads/Alternatives/2_br_3_2014.pdf
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    More about this item

    Keywords

    endogenous model; sustainable development;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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