Economics at your fingertips  

Environmental degradation as engine of undesirable economic growth via self-protection consumption choices

Angelo Antoci

Ecological Economics, 2009, vol. 68, issue 5, 1385-1397

Abstract: We analyze growth dynamics in an economy where the well-being of economic agents depends on three goods: leisure, a free access environmental good and a private good that can be consumed as a substitute for the environmental resource. The processes of production and consumption of the private good by each agent impose negative externalities on other agents through the depletion of the environmental good. This paper shows that, in such context, the existence of private substitutes for environmental goods may fuel an undesirable economic growth process. This process is driven by the continuous increase in agents' needs for private consumption generated by the progressive reduction in free consumption of the environmental good.

Keywords: Substitutes; for; environmental; goods; Environmental; defensive; expenditures; Undesirable; economic; growth; Negative; externalities (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

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:

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2020-07-09
Handle: RePEc:eee:ecolec:v:68:y:2009:i:5:p:1385-1397