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Dynamic systems, economic growth, and the environment
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ISBN: 9783642021329 9783642021312 364202131X Year: 2010 Volume: 12 Publisher: Heidelberg: Springer,

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Abstract

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.


Book
Public Debt and Growth
Authors: ---
ISBN: 1462310338 1455258628 1282846469 9786612846465 1455201855 Year: 2010 Publisher: Washington, D.C. : International Monetary Fund,

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This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and differences between advanced and emerging market economies are examined. The empirical results suggest an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the initial debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.2 percentage points per year, with the impact being somewhat smaller in advanced economies. There is some evidence of nonlinearity with higher levels of initial debt having a proportionately larger negative effect on subsequent growth. Analysis of the components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to reduced investment and slower growth of capital stock.


Book
Dynamic systems, economic growth and the environment
Authors: --- ---
ISBN: 3642021336 364202131X 9786612832024 3642261299 3642021328 1282832026 Year: 2010 Publisher: Heidelberg : Springer,

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Abstract

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.

Keywords

Economic development -- Econometric models. --- Economic development -- Environmental aspects. --- Environmental economics -- Mathematical models. --- Environmental policy -- Economic aspects. --- Economic development --- Environmental economics --- Environmental policy --- Economic Theory --- Business & Economics --- Econometric models --- Mathematical models --- Environmental aspects --- Economic aspects --- Sustainable development --- Dynamics --- Energy policy. --- Energy and state. --- System theory. --- Economic theory. --- Economic growth. --- Economics. --- Environmental economics. --- Economic Growth. --- Environmental Economics. --- Economic Systems. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Systems Theory, Control. --- Energy Policy, Economics and Management. --- Systems theory. --- Political Economy/Economic Systems. --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economics --- Environmental quality --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Economic policy. --- Energy and state --- Power resources --- State and energy --- Industrial policy --- Energy conservation --- Systems, Theory of --- Systems science --- Science --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Government policy --- Philosophy

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