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Optimal economic growth and environmental quality

Author

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  • Jorge Hugo Barrientos Marín

Abstract

The present debate on the problem of natural resources exhaustion and contamination levels generated by economic activity has gone beyond the field of economic growth. This work intends to use the Ramsey model (1928), and evaluate the behavior of relevant variables in a society, when they are included in a social mechanism preferably pollution as a stock of wastes from goods and services production. Resides, thermodynamic laws applied to energy and materials are used to elaborate a definition of pollution, so that it can be included in the equation of capital accumulation of the economy.

Suggested Citation

  • Jorge Hugo Barrientos Marín, 2000. "Optimal economic growth and environmental quality," Grupo Microeconomía Aplicada 017, Universidad de Antioquia, Departamento de Economía.
    • Handle: RePEc:lde:grupom:017
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    More about this item

    Keywords

    Optimum control; stationary state; pollution; thermodynamics; entropy.;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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