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The Interpretation of Weak Sustainability Measures, and Their Values in a Computed General Equilibrium Model of the World Economy

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Author Info
Bailey, R.W.
Clarke, R.

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Abstract

There is controversy surrounding so-called 'weak sustainability measures'which attemp to measure sustainability according to current chages in manufactured and natural capital. In the framework of a dynamic control model, these measures are related to the rate of change of the utility of a time-discounting social planner. We discuss the extent to which the criticism remain valid one this interpretation is adopted.

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Publisher Info
Paper provided by Department of Economics, University of Birmingham in its series Discussion Papers with number 98-14.

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Length: 29 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:bir:birmec:98-14

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Postal: Edgbaston, Birmingham, B15 2TT
Web page: http://www.economics.bham.ac.uk
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Related research
Keywords: SUSTAINABILITY ENERGY

Find related papers by JEL classification:
D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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