Natural Capital, Sustainability and Productivity: An Exploration of the Linkages
In: The Review of Economic Performance and Social Progress 2002: Towards a Social Understanding of Productivity
AbstractThe issue of sustainability of natural capital and implications for economic growth ranks high in the interests of both policy makers and the general public, as manifested by the intense debate on Canada's ratification of the Kyoto accord. In this chapter, Nancy Olewiler makes an important contribution to the debate on natural resource sustainability by exploring the crucial, but often ignored, role of productivity in the maintenance of natural capital sustainability. Olewiler defines sustainability as the ability of the economy to maintain the flow of production necessary to ensure non-decreasing per capita consumption indefinitely, so future generations can have a standard of living equal to or better than that of the present generation. She makes a critical distinction between the concepts of strong and weak sustainability.
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This item is provided by Centre for the Study of Living Standards & The Institutute for Research on Public Policy in its series The Review of Economic Performance and Social Progress with number v:2:y:2002:no.
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Find related papers by JEL classification:
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- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
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- Centre for the Study of Living Standards, 2003. "Productivity Trends in Natural Resources Industries in Canada," CSLS Research Reports 2003-01, Centre for the Study of Living Standards.
- Andrew Sharpe, 2004. "Exploring the Linkages between Productivity and Social Development in Market Economies," CSLS Research Reports 2004-02, Centre for the Study of Living Standards.
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