| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4430 |
| 来源ID | Working Paper 4430 |
| Sustainable Growth and the Green Golden Rule | |
| Andrea Beltratti; Graciela Chichilnisky; Geoffrey Heal | |
| 发表日期 | 1993-08-01 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | We study a growth model with an environmental asset which is a source of utility and an input to consumption and production. The stock of this asset follows its own ecological dynamics, which are affected by economic activity. We study the implications of an approach to ranking sequences of consumption and environment over time that place weight both on the characteristics of the sequence over any finite period and on its very long run or limiting characteristics. Chichilnisky [5] has called these "sustainable preferences". The criterion shows more intertemporal symmetry than the discounted utilitarian approach. which clearly emphasizes the immediate future at the expense of the long run. In this respect Chichilniskys criterion captures some of the concerns of those who argue for sustainability and for a heightened sense of responsibility to the future. To characterize optimal paths we define the "green golden rule", the path which maximizes long-run sustainable utility from consumption and environment. |
| 主题 | Microeconomics ; Behavioral Economics ; Environmental and Resource Economics ; Renewable Resources |
| URL | https://www.nber.org/papers/w4430 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561802 |
| 推荐引用方式 GB/T 7714 | Andrea Beltratti,Graciela Chichilnisky,Geoffrey Heal. Sustainable Growth and the Green Golden Rule. 1993. |
| 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 | ||
| w4430.pdf（1881KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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