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Optimal Versus Sustainable Degrowth Policies

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  • Germain, Marc

Abstract

This paper introduces a natural resource and pollution in a Ramsey growth model which relies on the postulates of ecological economics. It studies the impact of voluntary degrowth policies on production and welfare. The instrument of these policies is a tax on the natural resource. These public policies are implemented after the downturn of the households' welfare following from the increased pollution.

Suggested Citation

  • Germain, Marc, 2017. "Optimal Versus Sustainable Degrowth Policies," Ecological Economics, Elsevier, vol. 136(C), pages 266-281.
    • Handle: RePEc:eee:ecolec:v:136:y:2017:i:c:p:266-281
    DOI: 10.1016/j.ecolecon.2017.02.001
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    1. Kenneth Arrow & Partha Dasgupta & Lawrence Goulder & Gretchen Daily & Paul Ehrlich & Geoffrey Heal & Simon Levin & Karl-Göran Mäler & Stephen Schneider & David Starrett & Brian Walker, 2004. "Are We Consuming Too Much?," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 147-172, Summer.
    2. Bilancini, Ennio & D'Alessandro, Simone, 2012. "Long-run welfare under externalities in consumption, leisure, and production: A case for happy degrowth vs. unhappy growth," Ecological Economics, Elsevier, vol. 84(C), pages 194-205.
    3. Kubiszewski, Ida & Costanza, Robert & Franco, Carol & Lawn, Philip & Talberth, John & Jackson, Tim & Aylmer, Camille, 2013. "Beyond GDP: Measuring and achieving global genuine progress," Ecological Economics, Elsevier, vol. 93(C), pages 57-68.
    4. Max-Neef, Manfred, 1995. "Economic growth and quality of life: a threshold hypothesis," Ecological Economics, Elsevier, vol. 15(2), pages 115-118, November.
    5. Andrea Baranzini & Francois Bourguignon, 1995. "Is sustainable growth optimal?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 2(2), pages 341-356, August.
    6. Marc Germain, 2016. "Un modèle de décroissance optimale," LIDAM Discussion Papers IRES 2016008, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    7. Heikkinen, T., 2015. "(De)growth and welfare in an equilibrium model with heterogeneous consumers," Ecological Economics, Elsevier, vol. 116(C), pages 330-340.
    8. Victor, Peter A., 2012. "Growth, degrowth and climate change: A scenario analysis," Ecological Economics, Elsevier, vol. 84(C), pages 206-212.
    9. Marc Germain, 2012. "Equilibres et effondrement dans le cadre d'un cycle naturel," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 55(4), pages 427-455.
    10. Noël Bonneuil & Raouf Boucekkine, 2014. "Viable Ramsey economies," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 47(2), pages 422-441, May.
    11. Marc Germain, 2012. "Equilibres et effondrement dans le cadre d'un cycle naturel," Working Papers hal-00989886, HAL.
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    Cited by:

    1. Vilasanti da Luz, Victoria & Mantovani, Danielle & Nepomuceno, Marcelo Vinhal, 2020. "Matching green messages with brand positioning to improve brand evaluation," Journal of Business Research, Elsevier, vol. 119(C), pages 25-40.
    2. Corvellec, Hervé & Paulsson, Alexander, 2023. "Resource shifting: Resourcification and de-resourcification for degrowth," Ecological Economics, Elsevier, vol. 205(C).
    3. Jean-François FAGNART & Marc GERMAIN, 2017. "Quelques leçons d'un modèle de macroéconomie écologique à 2 périodes," LIDAM Discussion Papers IRES 2017009, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    4. Angeliki Menegaki, 2018. "The Basic, the Solid, the Site-Specific and the Full or Total Index of Sustainable Economic Welfare (ISEW) for Turkey," Economies, MDPI, vol. 6(2), pages 1-18, April.

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    More about this item

    Keywords

    Degrowth; Steady state economics; Pollution tax; Intergenerational equity;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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