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Economic Growth and the Environment: An Introduction to the Theory

Author

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  • Eriksson, Clas

    (Senior Lecturer, Malardalen University, Sweden)

Abstract

Economic Growth and the Environment explores the debate on how to reconcile economic growth with protection of the natural environment, and the closely related discussion on whether an increasing scarcity of natural resources will eventually force economic growth to cease. The debate focusses on whether environmental policies will benefit the economy or not, and is divided into growth optimists and growth pessimists. In general, economists have been optimistic and have pointed to the possibilities of technological progress and substitution, yet they also acknowledge that natural resources and environmental concern do restrict economic growth. The difficulty lies in quantifying the constraint to economic growth. Modern growth economists have constructed models to examine to what extent 'growth pessimism' is theoretically warranted. This book provides an introduction to some of these models, brings together the discussion between growth optimists and pessimists, and presents the theory behind their arguments. It aims to present models where both sides can meet and where both are able to derive expected results with the parameter values that they deem appropriate. From there, the discussions can turn to the empirical observations about these parameters. This book will be of interest to advanced undergraduates in economics, microeconomics, economic growth, sustainable development, and environmental economics. Each chapter concludes with a set of Exercises designed to help the reader master the models.

Suggested Citation

  • Eriksson, Clas, 2013. "Economic Growth and the Environment: An Introduction to the Theory," OUP Catalogue, Oxford University Press, number 9780199663897.
    • Handle: RePEc:oxp:obooks:9780199663897
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    Citations

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    Cited by:

    1. Jan-Erik Lane, 2016. "COP21 and The Decarbonisation of Societies: Can it be Pulled Off in this Century?," Business, Management and Economics Research, Academic Research Publishing Group, vol. 2(6), pages 114-135, 06-2016.
    2. Ofori, Isaac K. & Gbolonyo, Emmanuel & Ojong, Nathanael, 2022. "Towards Inclusive Green Growth in Africa: Critical energy efficiency synergies and governance thresholds," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 365, pages 1-48.
    3. Eriksson, Clas, 2018. "Phasing out a polluting input in a growth model with directed technological change," Economic Modelling, Elsevier, vol. 68(C), pages 461-474.
    4. Ingrid Ott & Susanne Soretz, 2018. "Green Attitude and Economic Growth," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(4), pages 757-779, August.
    5. Michael W. M. Roos, 2018. "Endogenous Economic Growth, Climate Change and Societal Values: A Conceptual Model," Computational Economics, Springer;Society for Computational Economics, vol. 52(3), pages 995-1028, October.
    6. John A. Jinapor & Shafic Suleman & Richard Stephens Cromwell, 2023. "Energy Consumption and Environmental Quality in Africa: Does Energy Efficiency Make Any Difference?," Sustainability, MDPI, vol. 15(3), pages 1-26, January.
    7. Jan Erik Lane, 2016. "Are The Cop21 Objectives Implementable?," Business and Management Horizons, Macrothink Institute, vol. 4(1), pages 86-122, June.
    8. Jan-Erik Lane, 2016. "Global Management and the COP21 Process: Climate Change as Juggernaut," Business and Management Research, Business and Management Research, Sciedu Press, vol. 5(3), pages 51-85, September.
    9. Jan-Erik Lane, 2016. "Role of the Natural and Social Sciences in Cop21 Implementation: Success or Failure," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 7(3), pages 23-45, August.

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