One-sided sustainability tests with amenities, and changes in technology, trade and population
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Description
If an economy with multiple consumption goods (including environmental amenities) uniquely maximises present value with constant discounting, it is unsustainable at some time if either of two measures - augmented net investment, or the change in augmented green net national product - are zero or negative then. "Augmented" denotes that time is treated as a productive stock, which includes in each measure the value of future, exogenous changes in technology or terms of trade. Adjustments are...[Show more]
Collections | ANU Research Publications |
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Date published: | 2004 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/79404 |
Source: | Journal of Environmental Economics and Management |
DOI: | 10.1016/j.jeem.2003.10.002 |
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