This innovative book investigates the practical applications of
sustainable development in the spirit of the Brundtland Report,
paying special attention to water-stressed developing countries.
Satoshi Kojima argues that the main objective of sustainable
development is poverty alleviation within the present generation
without destroying those ecosystems underpinning life support
systems. The policy implications of such sustainable development
policies are investigated with an original quantitative policy
analysis framework. The book develops an innovative dynamic
optimisation CGE model based on the Ramsey growth model but employs
an imperfect foresight assumption and a decentralised setting in
which the private agent and the government optimise their objective
functions separately. The model also addresses trade-offs between
rain-fed and irrigated agriculture, urban unemployment due to
rural-urban migration and welfare costs of lack of safe water
access. The model is calibrated and dynamically validated against
Moroccan time-series data. Researchers in environmental, ecological
and development economics will find this book of great interest. It
will also appeal to researchers and scholars interested in water
management and related issues.
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