Capital accumulation and technical conditions along sustainable growth paths
Giovanni Scarano ()
No 182, Departmental Working Papers of Economics - University 'Roma Tre' from Department of Economics - University Roma Tre
Abstract:
The paper deals with the conditions of capital accumulation that can guarantee a sustainable pollution level and, consequently, a growing carrying capacity of the ecosphere for humankind. It follows an approach of ecological economics, utilising laws and models derived from the ecological sciences to model some aspects of growing economic systems and their interaction with “other” ecological systems. The main task of this paper is to demonstrate that, under particular conditions, the earth’s carry ing capacity for humankind can grow over time as the economic output does, and to illustrate under what conditions it is theoretically possible. Being this kind of analysis a very hard task, the paper will address the question utilising simplified economic models, linking some simpli fied ecological assumptions to a multisectorial growth model, with production of goods, “bads”, and pollution abatement services.
Keywords: capital; accumulation; –; population; growth; –; carrying; capacity; –; economic; growth; –; limits; to; growth; –; pollution; abatement (search for similar items in EconPapers)
JEL-codes: J10 O13 O41 Q56 Q57 (search for similar items in EconPapers)
Date: 2013-09
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Persistent link: https://EconPapers.repec.org/RePEc:rtr:wpaper:0182
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