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Economic Growth and the Environment - An Introduction to the Theory (Paperback)
Loot Price: R1,368
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Economic Growth and the Environment - An Introduction to the Theory (Paperback)
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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.
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