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Using Pollutant and not-Pollutant Capital into a dynamic analysis of Environment-Economic integrated models: a critical approach

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  • Loreno Cecconi

Abstract

This paper analyzes economic-environment integrated dynamic models. These models are built taking into account the coupling between environmental variables and economic variables. In particular, we consider two kinds of capital: pollutant and not-pollutant capital. We start with a simple linear model and after we introduce other variables like the gross output and Government abatement policy. So, we formalize more complex models that often consist of nonlinear differential equations. Central purpose of our work, is the use of the theory of dynamical systems for the analysis of the dynamics of some variables included in models of different structure. We have a critical approach, both in the same mathematical method and assessment of the general economic and political environmental problem in a capitalist economy. Our conclusions are very different from those of mainstream economic theory: we believe that a new model of development is closely related to a new way of thinking about environmental protection, and that the model of capitalist development is inadequate for this purpose.

Suggested Citation

  • Loreno Cecconi, 2015. "Using Pollutant and not-Pollutant Capital into a dynamic analysis of Environment-Economic integrated models: a critical approach," Department of Economics University of Siena 713, Department of Economics, University of Siena.
    • Handle: RePEc:usi:wpaper:713
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    References listed on IDEAS

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    1. Sergey Aseev & Konstantin Besov & Simon-Erik Ollus & Tapio Palokangas, 2010. "Optimal Economic Growth with a Random Environmental Shock," Dynamic Modeling and Econometrics in Economics and Finance, in: Jesús Crespo Cuaresma & Tapio Palokangas & Alexander Tarasyev (ed.), Dynamic Systems, Economic Growth, and the Environment, pages 109-137, Springer.
    2. Shone,Ronald, 2002. "Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521017039.
    3. Uzawa,Hirofumi, 2009. "Economic Theory and Global Warming," Cambridge Books, Cambridge University Press, number 9780521066594.
    4. Jesús Crespo Cuaresma & Tapio Palokangas & Alexander Tarasyev (ed.), 2010. "Dynamic Systems, Economic Growth, and the Environment," Dynamic Modeling and Econometrics in Economics and Finance, Springer, number 978-3-642-02132-9, July-Dece.
    5. Caputo,Michael R., 2005. "Foundations of Dynamic Economic Analysis," Cambridge Books, Cambridge University Press, number 9780521842723, January.
    6. Bateman,Ian J. & Lovett,Andrew A. & Brainard,Julii S., 2005. "Applied Environmental Economics," Cambridge Books, Cambridge University Press, number 9780521671583.
    7. Zhiqi Chen, 1997. "Can Economic Activities Lead to Climate Chaos? An Economic Analysis on Global Warming," Canadian Journal of Economics, Canadian Economics Association, vol. 30(2), pages 349-366, May.
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    More about this item

    Keywords

    Dynamic linear-systems; Dynamic non-linear systems; linearization of non-linear system; Jacobian matrix; Environment-economic integrated models; pollutant and non-pollutant capital; pollution stock; Government abatement policy;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical 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
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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