Books > Earth & environment > The environment > Environmental economics
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Is the Environment a Luxury? - An Inquiry into the relationship between environment and income (Paperback)
Loot Price: R1,295
Discovery Miles 12 950
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Is the Environment a Luxury? - An Inquiry into the relationship between environment and income (Paperback)
Series: Routledge Explorations in Environmental Economics
Expected to ship within 12 - 17 working days
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Total price: R1,315
Discovery Miles: 13 150
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The purpose of this collection of essays is to shed some light on
the complex relationship between environmental quality and the
distribution of income. Are the preferences of the poor towards a
cleaner environment really different from those of the rich?
Environmental economists have traditionally focused on efficiency
issues. In their analyses the quality of the environment is usually
related to aggregate or average variables, like per capita income;
policy recommendations are usually formulated considering
efficiency with no regard for equity and also the predicted effects
of policies are evaluated in aggregate terms. The essays collected
in this volume go into the problem of the relationship between
environmental quality and income distribution. The book's opening
essay shows how different theories of economic growth and
environmental quality seem to suggest that the higher the level of
income the higher is the value of environmental protection. The
essays that follow, a mix of already published papers and of papers
solicited for this book, analyse the relationship between
environmental quality and income distribution from different
perspectives (both micro and macro) and on the basis of more than
one methodology. This book highlights that the preferences of the
poor towards a cleaner environment may differ from those of the
rich, but income is also very likely to represent only one factor
affecting them. The essays consider other relevant factors
affecting preferences for environmental quality. What clearly
emerges is that the distribution of costs and benefits of
environmental policies is the key for their successful
implementation, and that further research is needed to both address
the distributional effects themselves and the strategies to
mitigate them.
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