Economic Growth and Environmental Resource Allocation

William K. Jaeger () and Kolpin Van
Additional contact information
William K. Jaeger: Williams College

No 2001-14, Department of Economics Working Papers from Department of Economics, Williams College

Abstract: The simple fact that environmental resources are endowments is found to have profound effects on their patterns of allocation with changes in income, population, and income inequality. For broad classes of theoretical models, and in Pareto efficient as well as decentralized economies, environmental quality is found to follow a U-shaped pattern with rising income. We examine population changes and variations in income inequality, and also find U-shaped patterns of behavior. Importantly, the marginal rate of substitution between consumption and environmental quality can generally be expected to rise monotonically with rising income. These results are found to have important policy implications.

Keywords: economic growth; environmental quality; environmental Kuznets curve; population growth (search for similar items in EconPapers)
Date: 2001-03
Note: full text not available
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:wil:wileco:2001-14

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Department of Economics Working Papers from Department of Economics, Williams College Williamstown, MA 01267. Contact information at EDIRC.
Bibliographic data for series maintained by Greg Phelan ().