Using Pollutant and not-Pollutant Capital into a dynamic analysis of Environment-Economic integrated models: a critical approach

Loreno Cecconi (lorenocecconi@hotmail.it)

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: This paper analyzes economic-environment integrated dynamic models. These models are built taking into account the coupling between environmental variables and economic variables. In particular, we consider two kinds of capital: pollutant and not-pollutant capital. We start with a simple linear model and after we introduce other variables like the gross output and Government abatement policy. So, we formalize more complex models that often consist of nonlinear differential equations. Central purpose of our work, is the use of the theory of dynamical systems for the analysis of the dynamics of some variables included in models of different structure. We have a critical approach, both in the same mathematical method and assessment of the general economic and political environmental problem in a capitalist economy. Our conclusions are very different from those of mainstream economic theory: we believe that a new model of development is closely related to a new way of thinking about environmental protection, and that the model of capitalist development is inadequate for this purpose.

Keywords: Dynamic linear-systems; Dynamic non-linear systems; linearization of non-linear system; Jacobian matrix; Environment-economic integrated models; pollutant and non-pollutant capital; pollution stock; Government abatement policy (search for similar items in EconPapers)
JEL-codes: B40 C02 Q50 Q54 Q55 Q58 (search for similar items in EconPapers)
Date: 2015-07
New Economics Papers: this item is included in nep-env and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://repec.deps.unisi.it/quaderni/713.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:713

Access Statistics for this paper

More papers in Department of Economics University of Siena from Department of Economics, University of Siena Contact information at EDIRC.
Bibliographic data for series maintained by Fabrizio Becatti (fabrizio.becatti@unisi.it).