An environmental-economic measure of sustainable development

被引：34
|
作者：
Cairns, Robert D. [1 ]
Martinet, Vincent [2 ]
机构：
[1] McGill Univ, Dept Econ, Montreal, PQ H3A 2T7, Canada
[2] INRA, Econ Publ UMR210, F-78850 Thiverval Grignon, France
来源：
EUROPEAN ECONOMIC REVIEW | 2014年 / 69卷
关键词：
Sustainable development; Maximin; Sustainability indicator; EXHAUSTIBLE RESOURCE; MAXIMIN; WELFARE; CONSTRAINTS; POPULATION; GROWTH; PATHS;
D O I：
10.1016/j.euroecorev.2014.03.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A central issue in the study of sustainable development is the interplay of growth and sacrifice in a dynamic economy. This paper investigates the relationship among current consumption, sacrifice and sustainability improvement in a general context and in two canonical, stylized economies. We argue that the maximin value of utility measures what is sustainable and provides the limit to growth. Maximin value is interpreted as a dynamic environmental-economic carrying capacity and current utility as an environmental-economic footprint. The time derivative of maximin value is interpreted as net investment in sustainability improvement. It is called durable savings to distinguish it from genuine savings, usually computed with discounted-utilitarian prices. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码：4 / 17
页数：14
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