 Economic Modelling of Soil Conservation: An Endogenous Growth ApproachKwan Soo Kim
Korean Economic Review, 1998, vol. 14, 429-451 Abstract: This paper ï¬ rst develops the model, based on endogenous growth argument, in which environmental quality is included as input and thus makes possible the explanation of issues related to resource allocation and its impacts on the environment. Second, it analyzes the relationship between land market performance and underinvestment by incorporating information about soil quality into the analytical framework It extends existing literature on the economic modelling of soil conservation in several ways. In particular, adopting an endogenous growth approach with soil quality as a state variable enables us to explicitly characterize the underlying externality associated with the problem of land resource management. The policy implications of this paper are also relevant. It identiï¬ es the effects of diï¬ erent policy tools on soil conservation outcomes and their impacts on social welfare change in relation to land market performance. Keywords: Soil Conservation; Endogenous Growth; Land Market Imperfection (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:kea:keappr:ker-199812-14-2-12 Access Statistics for this article Korean Economic Review is currently edited by Kyung Hwan Baik More articles in Korean Economic Review from Korean Economic Association Contact information at EDIRC. |
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