The Optimal Growth of a Polluting Economy: Economic versus Ecological Sustainability / La croissance optimale d'une économie polluante: Durabilité économique versus durabilité écologique

CHEVÉ Morgane and Katheline Schubert ()

Annales d'Economie et de Statistique, 2002, issue 65, pages 117-136

Abstract: This paper thoroughly studies the existence of sustainable optimal growth path, in an economy whose productive activities generate for pollution emissions. This pollution stockpiles in the ecosystem. The decrease of the environmental quality affects people by reducing their welfare. We look for the conditions under which the optimality of growth is compatible with sustainability. These conditions are obtained under different criteria of optimality as well as of sustainability.

Date: 2002
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Persistent link: http://EconPapers.repec.org/RePEc:adr:anecst:y:2002:i:65:p:05

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