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Extension du modèle Solow Swan vers une approche plus environnementaliste: un modèle déterministe pour Madagascar
[Extension of the Solow-Swan model with an environmentalist approach: a deterministic model for Madagascar]

Author

Listed:
  • Josué, ANDRIANADY
  • Andrianavony, Kanto Joviannah

Abstract

This paper extends the Solow-Swan growth model by incorporating environmental factors, applied specifically to Madagascar. The model simulates three scenarios: (1) a baseline scenario with low savings and high deforestation; (2) an economic reform scenario with increased savings but no environmental improvements; and (3) a combined reform scenario with higher savings and reduced deforestation. The findings reveal that while economic reforms lead to moderate growth, sustainable natural resource management is essential for balanced and resilient development. The study highlights Madagascar’s challenges, including population pressure, deforestation, and climate shocks, and provides insights into policies that align economic and environmental goals. The paper also outlines future improvements, such as developing a stochastic version of the model, to address uncertainties and external shocks more effectively.

Suggested Citation

  • Josué, ANDRIANADY & Andrianavony, Kanto Joviannah, 2024. "Extension du modèle Solow Swan vers une approche plus environnementaliste: un modèle déterministe pour Madagascar [Extension of the Solow-Swan model with an environmentalist approach: a deterministic model for Madagascar]," MPRA Paper 122783, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122783
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    References listed on IDEAS

    as
    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
    3. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    4. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Keywords

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    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E0 - Macroeconomics and Monetary Economics - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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