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Positive Time Preference And Environmental Degradation: The Effects Of World Population Growth And Economic Activity On Intergenerational Equity, 1970-2015

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  • Christopher E.S. WARBURTON

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.

Suggested Citation

  • Christopher E.S. WARBURTON, 2018. "Positive Time Preference And Environmental Degradation: The Effects Of World Population Growth And Economic Activity On Intergenerational Equity, 1970-2015," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(2), pages 5-24.
    • Handle: RePEc:eaa:aeinde:v:18:y:2018:i:2_1
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    File URL: http://www.usc.es/~economet/reviews/aeid1821.pdf
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    References listed on IDEAS

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    1. Hanley, Nick & Shogren, Jason & White, Ben, 2013. "Introduction to Environmental Economics," OUP Catalogue, Oxford University Press, edition 2, number 9780199568734.
    2. Paresh Kumar Narayan & Russell Smyth, 2006. "What Determines Migration Flows From Low‐Income To High‐Income Countries? An Empirical Investigation Of Fiji–U.S. Migration 1972–2001," Contemporary Economic Policy, Western Economic Association International, vol. 24(2), pages 332-342, April.
    3. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. WARBURTON,Christopher E.S., 2019. "Human Capital, Divergent Opportunities, And Development In The Us," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 19(1), pages 5-28.
    2. Angelo Antoci & Simone Borghesi & Giulio Galdi & Sergio Vergalli, 2022. "Adoption Gaps of Environmental Adaptation Technologies with Public Effects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(2), pages 313-339, October.

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    More about this item

    Keywords

    Cointegration; Conservation; Environmental Degradation; Foreign Direct Investment; Intertemporal Consumption; Overlapping Generations; Pollution; Population Growth; Poverty; Saving.;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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