| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Sustainability and Optimality in Economic Development: Theoretical Insights and Policy Prospects |
| Y. Hossein Farzin
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| 发表日期 | 2007
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2007
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| 语种 | 英语
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| 摘要 | This paper takes sustainability to be a matter of intergenerational welfare equality and examines whether an optimal development path can also be sustainable. It argues that the general "zero-net-aggregate-investment" condition for an optimal development path to be sustainable in the sense of the maximin criterion of intergenerational justice is too demanding to be practical, especially in the context of developing countries. The maximin criterion of sustainability may be more appealing to the rich advanced industrial countries, but is too costly and ethically unreasonable for developing nations as it would act as an intergenerational "poverty equalizer". The paper suggests that a compromise development policy that follows the optimal growth approach but adopts certain measures to mitigate the intergenerational and intragenerational welfare inequalities may better serve these countries. Some of the principal elements of such a policy are highlighted. |
| 特色分类 | Q01,Q56,O21,O13,D62,D63
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| 关键词 | Sustainability,Intergenerational Equity,Optimality,Discounting,Development Policy
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/sustainability-and-optimality-in-economic-development-theoretical-insights-and-policy-prospects/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117507
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推荐引用方式
GB/T 7714 |
Y. Hossein Farzin. Sustainability and Optimality in Economic Development: Theoretical Insights and Policy Prospects. 2007.
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文件名：
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NDL2007-089.pdf
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格式：
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Adobe PDF
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