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A MODEL OF OPTIMAL ECONOMIC GROWTH AND ENVIRONMENTAL CONSTRAINTS
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A MODEL OF OPTIMAL ECONOMIC GROWTH AND ENVIRONMENTAL CONSTRAINTS
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Elena Rovenskaya 
Edition
Volume 48 Issue 4
Pages
80-89
Abstract

A simplified model of economic growth under the constraints on the environmental services consumption is proposed. The environmental services consumption are supposed to grow together with production, but can be reduced owing to the investment in resource-effective technology. Investment control is aimed to the integral discounted country’s GDP maximization. The model is calibrated for Russia for the case of the greenhouse gases emissions. We analyze an optimal growth and emissions scenario as well as several others.

Keywords
economic growth model, sustainable development, environmental services
Date of publication
01.10.2012
Number of purchasers
1
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812
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