Economic growth and environmental quality are compatible
β Scribed by Harold J. Barnett
- Publisher
- Springer US
- Year
- 1974
- Tongue
- English
- Weight
- 565 KB
- Volume
- 5
- Category
- Article
- ISSN
- 0032-2687
No coin nor oath required. For personal study only.
β¦ Synopsis
Man's relationship to the natural environment and nature's influence upon human life are among the oldest topics of speculation. Until modern times the major reason for concern was the prospect of "diminishing returns." It was thought that population and economic growth would press against natural resource limits, and that economic welfare would fall to subsistence levels.
In modern times in developed nations the prospect of "diminishing returns" has been avoided. Population increase has abated to rates which promise stability in population numbers. Technology, capital accumulation, and improvements in labor force have yielded "increasing returns." Per capita output grows at 2 or 3 ~ per year.
The modern concern is quality of environment and quality of life. The technology, industrialization and agglomeration which have yielded increasing returns of goods per capita have side effects. These are pollution and crowding, increased needs for public goods, expanded monopoly in the market places, and dilemmas of choice from affluence. The task for modern societies is to bend their enlarged technology and productive power to improving quality of environment and, more generally, quality of life. This paper is an inquiry into the compatibility of economic growth, availability of natural resources, and quality of environment. By growt h we mean increase in population and increase in output and consumption, both total and per capita. The questions are whether scarcity of natural resources and limits of environment increasingly impede growth, and whether economic growth uncomfortably presses upon the natural resource base and environment. What are the problems for society from such pressure, and what are their solutions ?
There are two forms in which natural resource problems may emerge. One is that we shall face diminishing returns or increasing costs as population numbers and consumption press upon the limited resource base. That is, economic welfare per capita will decline as additional numbers of people seek to wrest a living from the limited * Presented at the Man and Land Symposium on Economic Growth and the Quality of Life,
π SIMILAR VOLUMES
## Abstract We assess the impact of cardiovascular disease (CVD) mortality on economic growth, using a dynamic panel growth regression framework taking into account potential endogeneity problems. In the worldwide sample we detect a nonβlinear influence of working age CVD mortality rates on growth
## Abstract We study a tradeβoff between economic and environmental benefits using a twoβstage optimal control setting where the player can switch to a cleaner technology that is environmentally βefficientβ but economically less productive. We provide an analytical characterization of the solution