| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| How Substitutable is Natural Capital? | |
| Anil Markandya; Suzette Pedroso | |
| 发表日期 | 2005 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | One of the recurring themes in the sustainability literature has been the legitimacy of using an economic framework to account for natural resources. This paper examines the potential for substituting between different inputs in the generation of income, where the inputs include natural resources such as land and energy resources. A nested CES production function is used to allow flexibility in the estimated elasticities of substitution. Also, with this specification, natural resources and other inputs are combined in different levels of the function, thus allowing for different levels of substitutability. Institutional and economic indicators are also incorporated in the production function estimated. Results show that the elasticities derived from functions involving land resources were generally around one or greater. Furthermore, changes in trade openness and private sector investment have a statistically significant and direct relationship with income generation. No statistically significant relationship between income and any of the institutional indicators was found. |
| 特色分类 | O47,Q24,Q32 |
| 关键词 | Wealth accounting,Natural resources,Nested CES production function |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/how-substitutable-is-natural-capital/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117200 |
| 推荐引用方式 GB/T 7714 | Anil Markandya,Suzette Pedroso. How Substitutable is Natural Capital?. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2005-088.pdf（371KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
