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The Scarcity Of Environmental Capital And Economic Growth: A Comparative Study Of Australia And The United States

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  • DODO J. THAMPAPILLAI

    (Lee Kuan Yew School of Public Policy, National University of Singapore, Singapore 119260, Singapore)

Abstract

The paper employs a methodology that enables the elicitation of the price and quantity of environmental capital (KN) at an aggregate macroeconomic level. The stock ofKNconsidered here is confined to the air-shed of an economy that gets utilized in the process of economic growth. A time series study of the prices and quantities ofKNenables an appreciation of the changing value of nature in economic growth. Despite improvements in the rate of utilization ofKN, there is insufficient evidence of decreasing scarcity ofKNin the case of both Australia and the United States.

Suggested Citation

  • Dodo J. Thampapillai, 2007. "The Scarcity Of Environmental Capital And Economic Growth: A Comparative Study Of Australia And The United States," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 52(02), pages 251-263.
    • Handle: RePEc:wsi:serxxx:v:52:y:2007:i:02:n:s0217590807002683
    DOI: 10.1142/S0217590807002683
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    References listed on IDEAS

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    1. Robert Ferber, 1967. "Determinants of Investment Behavior," NBER Books, National Bureau of Economic Research, Inc, number ferb67-1.
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