Dynamic Systems, Economic Growth, and the Environment

✍ Scribed by Sabine Pickenhain (auth.), Jesús Crespo Cuaresma, Tapio Palokangas, Alexander Tarasyev (eds.)

• Publisher: Springer-Verlag Berlin Heidelberg
• Year: 2010
• Tongue: English
• Leaves: 294
• Series: Dynamic Modeling and Econometrics in Economics and Finance 12
• Edition: 1
• Category: Library

✦ Synopsis

The book focuses on the sustainability of economic growth in a changing environment, under the effects of global warming, dwindling energy resources, and technological change. It also provides explanations for significant fluctuations in countries’ growth rates. The results are derived from historical evidence on economic growth in relation to environmental policy, technological change, development of transport infrastructure, population issues, and environmental mortality. The rigorous analysis of theoretical and applied aspects reveals important policy implications for optimal investment, optimal timing of abatement activities, and for an optimal balancing of economic growth with environmental concerns.

✦ Table of Contents

Front Matter....Pages I-XVIII
Front Matter....Pages 1-1
On Adequate Transversality Conditions for Infinite Horizon Optimal Control Problems—A Famous Example of Halkin....Pages 3-22
Sequential Precision of Predictions in Models of Economic Growth....Pages 23-43
High Order Precision Estimates in Algorithms for Solving Problems of Economic Growth....Pages 45-59
Front Matter....Pages 61-61
Growth and Climate Change: Threshold and Multiple Equilibria....Pages 63-78
Optimal Economic Growth Under Stochastic Environmental Impact: Sensitivity Analysis....Pages 79-107
Optimal Economic Growth with a Random Environmental Shock....Pages 109-137
Front Matter....Pages 139-139
Prices Versus Quantities in a Vintage Capital Model....Pages 141-159
International Emission Policy with Lobbying and Technological Change....Pages 161-181
The Role of Product Differentiation in the Producer-targeted Promotion of Renewable Energy Technologies....Pages 183-195
Dynamic Oligopoly with Capital Accumulation and Environmental Externality....Pages 197-214
On a Decentralized Boundedly Rational Emission Reduction Strategy....Pages 215-236
Front Matter....Pages 237-237
Environmental Mortality and Long-Run Growth....Pages 239-258
Development of Transportation Infrastructure in the Context of Economic Growth....Pages 259-289

✦ Subjects

Economic Theory; Economic Growth; Environmental Economics; Systems Theory, Control; Game Theory, Economics, Social and Behav. Sciences; Public Finance & Economics