POSITIVE TIME PREFERENCE AND ENVIRONMENTAL DEGRADATION: THE EFFECTS OF WORLD POPULATION GROWTH AND ECONOMIC ACTIVITY ON INTERGENERATIONAL EQUITY, 1970-2015

Christopher Warburton

Applied Econometrics and International Development, 2018, vol. 18, issue 2, 5-24

Abstract: This paper investigates the effects of population growth and economic activity on intergenerational equity and environmental preservation. Time series data from 1970 to 2015 suggest that positive time preference, induced by poverty and virtually unrestrained economic activity, pose dynamic and systemic risks to environmental preservation more so than the population growth. With the aid of economic models and empirical evaluation, the paper concludes that the viability of environmental conservation will ultimately be dependent on levels of poverty, life expectancy, the availability of diverse sources of income, restrained commercial consumption of environmental resources, and the preference for long-term investment.

Keywords: Cointegration; Conservation; Environmental Degradation; Foreign Direct Investment; Intertemporal Consumption; Overlapping Generations; Pollution; Population Growth; Poverty; Saving. (search for similar items in EconPapers)
JEL-codes: O13 O14 O15 O44 Q53 Q54 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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