Feasibility and optimality of sustainable growth under materials balance

Ken Ichi Akao, Shunsuke Managi

Research output: Contribution to journalArticle

17 Citations (Scopus)

Abstract

Pollution from consumption and production is an inevitable part of economic processes. We employ a materials balance approach and develop an endogenous growth theory, with recycling activity, to examine the evolution of the economic and environment systems. This paper provides feasibility and optimality conditions for sustainable economic growth with rising environmental quality. The fundamental condition of feasibility is that the flow of natural resources, which eventually returns to the environment as waste and pollution, has a negative growth rate in the long run.

Original languageEnglish
Pages (from-to)3778-3790
Number of pages13
JournalJournal of Economic Dynamics and Control
Volume31
Issue number12
DOIs
Publication statusPublished - Dec 1 2007
Externally publishedYes

Fingerprint

Pollution
Optimality
Economics
Endogenous Growth
Natural Resources
Recycling
Economic Growth
Optimality Conditions
Long-run
Natural resources
Sustainable growth
Material balance
Optimality conditions
Economic growth
Endogenous growth theory
Economic processes
Environmental quality

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Control and Optimization
  • Applied Mathematics

Cite this

Feasibility and optimality of sustainable growth under materials balance. / Akao, Ken Ichi; Managi, Shunsuke.

In: Journal of Economic Dynamics and Control, Vol. 31, No. 12, 01.12.2007, p. 3778-3790.

Research output: Contribution to journalArticle

@article{f1bdb58f2cee494b9edf6a7a08067a08,
title = "Feasibility and optimality of sustainable growth under materials balance",
abstract = "Pollution from consumption and production is an inevitable part of economic processes. We employ a materials balance approach and develop an endogenous growth theory, with recycling activity, to examine the evolution of the economic and environment systems. This paper provides feasibility and optimality conditions for sustainable economic growth with rising environmental quality. The fundamental condition of feasibility is that the flow of natural resources, which eventually returns to the environment as waste and pollution, has a negative growth rate in the long run.",
author = "Akao, {Ken Ichi} and Shunsuke Managi",
year = "2007",
month = "12",
day = "1",
doi = "10.1016/j.jedc.2007.01.013",
language = "English",
volume = "31",
pages = "3778--3790",
journal = "Journal of Economic Dynamics and Control",
issn = "0165-1889",
publisher = "Elsevier",
number = "12",

}

TY - JOUR

T1 - Feasibility and optimality of sustainable growth under materials balance

AU - Akao, Ken Ichi

AU - Managi, Shunsuke

PY - 2007/12/1

Y1 - 2007/12/1

N2 - Pollution from consumption and production is an inevitable part of economic processes. We employ a materials balance approach and develop an endogenous growth theory, with recycling activity, to examine the evolution of the economic and environment systems. This paper provides feasibility and optimality conditions for sustainable economic growth with rising environmental quality. The fundamental condition of feasibility is that the flow of natural resources, which eventually returns to the environment as waste and pollution, has a negative growth rate in the long run.

AB - Pollution from consumption and production is an inevitable part of economic processes. We employ a materials balance approach and develop an endogenous growth theory, with recycling activity, to examine the evolution of the economic and environment systems. This paper provides feasibility and optimality conditions for sustainable economic growth with rising environmental quality. The fundamental condition of feasibility is that the flow of natural resources, which eventually returns to the environment as waste and pollution, has a negative growth rate in the long run.

UR - http://www.scopus.com/inward/record.url?scp=34548847999&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=34548847999&partnerID=8YFLogxK

U2 - 10.1016/j.jedc.2007.01.013

DO - 10.1016/j.jedc.2007.01.013

M3 - Article

AN - SCOPUS:34548847999

VL - 31

SP - 3778

EP - 3790

JO - Journal of Economic Dynamics and Control

JF - Journal of Economic Dynamics and Control

SN - 0165-1889

IS - 12

ER -