Economic growth and environmental pollution under the max-min principle

Journal Article · Mon Sep 01 00:00:00 EDT 1980 · J. Environ. Econ. Manage.; (United States)

DOI:https://doi.org/10.1016/0095-0696(80)90001-7· OSTI ID:6716383

Asako, K

An analysis of the interactions between capital accumulation and environmental pollution under the program of sustained constant utility, which depends on per capita consumption and pollution, leads to a discussion of the optimal program of economic growth. The implications of the constant-utility criterion (or the max-min principle) are compared with those of the utilitarian criterion which has been widely adopted in environmental-pollution literature. Subsequently, the analysis incorporates pollution-abatement investment and exhaustible resources. The max-min principle appears to work fairly satisfactorily in this world, harmonizing economic growth and environment quality intertemporally by retarding capital accumulation and equalizing the standard of living of all generations. 22 references.

• Research Organization: Univ. of Tsukuba, Ibaraki, Japan
• OSTI ID: 6716383
• Journal Information: J. Environ. Econ. Manage.; (United States), Vol. 7:3
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
ECONOMIC GROWTH
ENVIRONMENTAL IMPACTS
ECONOMIC ANALYSIS
POLLUTION
SOCIO-ECONOMIC FACTORS
ECONOMICS
INSTITUTIONAL FACTORS
290200* - Energy Planning & Policy- Economics & Sociology
290300 - Energy Planning & Policy- Environment
Health
& Safety
530100 - Environmental-Social Aspects of Energy Technologies- Social & Economic Studies- (-1989)