On Impatience, Economic Growth and the Environmental Kuznets Curve: A Dynamic Analysis of Resource Management

Jean-Paul Chavas ()

Environmental & Resource Economics, 2004, vol. 28, issue 2, 123-152

Abstract: The paper presents a dynamic analysis of natural resource management and investigates some key factors that affect optimal management and resource conservation.Using a recursive specification of time preferences, we show how endogenous discounting and impatience can affect the motivation for both capital investments and environmental preservation. We examine the relationships between economic growth and environmental quality. Endogenous discounting provides new insights in the economic dynamics underlying the environmental Kuznets curve. By treating growth as endogenous, we examine how externalities and economic growth interact with each other. We investigate how economic development can contribute to an increased demand for environmental preservation. As an important new result, we also show how poverty can contribute to environmental degradation. Copyright Kluwer Academic Publishers 2004

Keywords: dynamics; economic growth; environmental Kuznets curve; impatience (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:enreec:v:28:y:2004:i:2:p:123-152

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DOI: 10.1023/B:EARE.0000029913.49860.e3

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