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Conservation capital and sustainable economic growth

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  • Donna Ramirez Harrington
  • Madhu Khanna
  • David Zilberman

Abstract

An endogenous growth model, which links pollution to ineffective input-use, is developed to examine the potential for achieving balanced growth while preserving the environment through investment in conservation capital. We derive conditions under which individual preferences for environmental quality and private incentives for investment in conservation capital can lead to non-decreasing environmental quality with balanced growth even in the absence of environmental regulations. Additionally, conditions under which investment in conservation capital can enable an environmentally regulated economy to achieve a higher rate of sustainable balanced growth than otherwise are analysed. Copyright 2005, Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 57 (2005)
Issue (Month): 2 (April)
Pages: 336-359

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Handle: RePEc:oup:oxecpp:v:57:y:2005:i:2:p:336-359

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References

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  1. Smulders, J.A., 1995. "Environmental policy and sustainable economic growth: An endogenous growth perspective," Open Access publications from Tilburg University, Tilburg University urn:nbn:nl:ui:12-153415, Tilburg University.
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Cited by:
  1. Sasmal, Joydeb & Weikard, Hans-Peter, 0. "Soil Degradation, Policy Intervention and Sustainable Agricultural Growth," Quarterly Journal of International Agriculture, Humboldt-Universität zu Berlin, Humboldt-Universität zu Berlin, vol. 52.
  2. Eugenia Vella & Evangelos V. Dioikitopoulos & Sarantis Kalyvitis, 2012. "Green Spending Reforms, Growth and Welfare with Endogenous Subjective Discounting," DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade c017_045, DEGIT, Dynamics, Economic Growth, and International Trade.
  3. Psaltopoulos, Demetris & Balamou, Eudokia & Skuras, Dimitris & Ratinger, Tomas & Sieber, Stefan, 2011. "Modelling the impacts of CAP Pillar 1 and 2 measures on local economies in Europe: Testing a case study-based CGE-model approach," Journal of Policy Modeling, Elsevier, Elsevier, vol. 33(1), pages 53-69, January.

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