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The Roles of the Environment and Natural Resources in Economic Growth Analysis

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  • Toman, Michael

Abstract

The primary aim of this paper is pedagogical. We first present and discuss a “wiring diagram” framework in order to elucidate the general links between economic growth and "natural capital." After developing the general framework, we develop parallel frameworks applicable to several specific sectors of the economy (agriculture, forestry, and manufacturing). Two appendices provide a mathematical formulation of the economy-wide framework and a brief historical review of the role of natural resources and the environment in economic growth theory.

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Bibliographic Info

Paper provided by Resources For the Future in its series Discussion Papers with number dp-02-71.

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Date of creation: 01 May 2003
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Handle: RePEc:rff:dpaper:dp-02-71

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Related research

Keywords: economic growth; natural resources; sustainable development;

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References

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  1. Antonio Estache, 1994. "World Development Report: Infrastructure for Development," ULB Institutional Repository 2013/44144, ULB -- Universite Libre de Bruxelles.
  2. William D. Nordhaus, 1992. "Rolling the 'Dice': An Optimal Transition Path for Controlling Greenhouse Gases," Cowles Foundation Discussion Papers 1019, Cowles Foundation for Research in Economics, Yale University.
  3. Low, P., 1992. "International Trade and the Environment," World Bank - Discussion Papers 159, World Bank.
  4. L Pez, Ram N, 2000. "Trade reform and environmental externalities in general equilibrium: analysis for an archetype poor tropical country," Environment and Development Economics, Cambridge University Press, vol. 5(04), pages 377-404, October.
  5. John Hartwick, 1976. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," Working Papers 220, Queen's University, Department of Economics.
  6. Heal, G., 1990. "The Optimal Use Of Exhaustible Resources," Papers fb-_90-10, Columbia - Graduate School of Business.
  7. Elizabeth J. Z. Robinson & Jeffrey C. Williams & Heidi J. Albers, 2002. "The Influence of Markets and Policy on Spatial Patterns of Non-Timber Forest Product Extraction," Land Economics, University of Wisconsin Press, vol. 78(2), pages 260-271.
  8. R. M. Solow, 1973. "Intergenerational Equity and Exhaustable Resources," Working papers 103, Massachusetts Institute of Technology (MIT), Department of Economics.
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Cited by:
  1. ERREYGERS, Guido & FEREDE, Tadele, 2009. "The end of subsistence farming: Growth dynamics and investments in human and environmental capital in rural Ethiopia," Working Papers 2009008, University of Antwerp, Faculty of Applied Economics.

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