Dynamic Systems, Economic Growth, and the Environment

ISBN-13: 9783642021312 / Angielski / Twarda / 2009 / 289 str.

Jesas Crespo Cuaresma; Tapio Kalervo Palokangas; Alexander Tarasyev

Opis

The major goal of the book is to create an environment for matching different d- ciplinary approaches to studying economic growth. This goal is implemented on the basis of results of the Symposium "Applications of Dynamic Systems to E- nomic Growth with Environment" which was held at the International Institute for Applied Systems Analysis (IIASA) on the 7th-8th of November, 2008, within the IIASA Project "Driving Forces of Economic Growth" (ECG). The symposium was organized by coordinators of the ECG project: Jesus Crespo-Cuaresma from IIASA World Population Program, and Tapio Palokangas and Alexander Tarasyev from IIASA Dynamic Systems Program. The book addresses the issues of sustainability of economic growth in a cha- ing environment, global warming and exhausting energy resources, technological change, and also focuses on explanations of signi?cant ?uctuations in countries' growth rates. The chapters focus on the analysis of historical economic growth - periences in relation to environmental policy, technological change, development of transport infrastructure, population issues and environmental mortality. The book is written in a popular-science style, accessible to any intelligent lay reader. The prime audience for the book is economists, mathematicians and en- neersworkingonproblemsofeconomicgrowthandenvironment.Themathematical part of the book is presented in a rigorous manner, and the detailed analysis is - pected to be of interest to specialists in optimal control and applications to economic modeling. The book consists of four interrelated parts.

Spis treści

Dynamic Systems in Growth Models.- On Adequate Transversality Conditions for Infinite Horizon Optimal Control Problems—A Famous Example of Halkin.- Sequential Precision of Predictions in Models of Economic Growth.- High Order Precision Estimates in Algorithms for Solving Problems of Economic Growth.- Growth and Environment.- Growth and Climate Change: Threshold and Multiple Equilibria.- Optimal Economic Growth Under Stochastic Environmental Impact: Sensitivity Analysis.- Optimal Economic Growth with a Random Environmental Shock.- Growth and Environmental Policy.- Prices Versus Quantities in a Vintage Capital Model.- International Emission Policy with Lobbying and Technological Change.- The Role of Product Differentiation in the Producer-targeted Promotion of Renewable Energy Technologies.- Dynamic Oligopoly with Capital Accumulation and Environmental Externality.- On a Decentralized Boundedly Rational Emission Reduction Strategy.- Applications.- Environmental Mortality and Long-Run Growth.- Development of Transportation Infrastructure in the Context of Economic Growth.

Blurb

The book focuses on the sustainability of economic growth in a changing environment, under the effects of global warming, dwindling energy resources, and technological change. It also provides explanations for significant fluctuations in countries’ growth rates. The results are derived from historical evidence on economic growth in relation to environmental policy, technological change, development of transport infrastructure, population issues, and environmental mortality. The rigorous analysis of theoretical and applied aspects reveals important policy implications for optimal investment, optimal timing of abatement activities, and for an optimal balancing of economic growth with environmental concerns.