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Sustainability and Endogenous Growth
New Horizons in Environmental Economics Series
During the last decade, interest in growth theory in the context of the environment has increased dramatically, resulting in a vast array of articles and books applying different modelling approaches and focusing on a variety of diverse topics. Dealing with endogenous growth under environmental restrictions, Karen Pittel provides a comprehensive survey of the field and highlights some important issues that have so far been rather neglected within the debate on sustainable growth. The book begins with a thorough review of the concepts of sustainable development and growth. Based upon the findings of this review, the focus shifts towards the specifics of integrating environmental concerns into endogenous growth models, which reveals some interesting new insights. Three particular facets of the environment-growth debate are then studied in detail: * the role of recycling in the quest for sustainable growth * the implications of endogenous time preference * the effects of economic integration on growth and pollution.
This well written and accessible book provides an extensive introduction to the issues of sustainability and endogenous growth, enhanced by a comprehensive review of the associated literature. It will be required reading for environmental economists, ecological economists, students and academics interested in sustainable development and growth, and growth theorists concerned with environmental issues.
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What Reviewers Are Saying
'The book is a comprehensive survey of the literature on endogenous growth under environmental restrictions... this book provides a good summary of literature concerning endogenous growth under environmental restrictions and culminates with some specific points of interest in this regard: recycling, time preferences and economic integration... the book is well written and relatively complicated models are clearly presented. There are many avenues for research that arise from this contribution.' -- Phoebe Kounduri and Ben Groom, Ecological Economics 'The book is written systematically and precisely. The author has devoted care in maintaining a flow of ideas. While reading this volume from preface to conclusion, the presentation of various mathematical derivations in a logical frame work helps readers easily grasp the implicit ideas. A long list of references and the index enhances its user-friendliness and introduces the reader to the vast field of sustainable growth... This book richly provides a theoretical linkage between sustainability and the endogenous growth process. The sound theoretical work in this volume may attract researchers who wish to examine empirically the possibilities of sustainable growth. It also may be of great value for researchers studying the relevance of environmental and sustainability issues in the growth process.' -- Varinder Jain, The Journal of Energy and Development