The Environmental Kuznets curve when the environment exhibits hysteresis | Macquarie University ResearchOnline

Home

Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/134506

40 Visitors

46 Hits

0 Downloads

Title: The Environmental Kuznets curve when the environment exhibits hysteresis
Related: Ecological economics, Vol. 64, Issue 1, (2007), p.204-215
DOI: 10.1016/j.ecolecon.2007.02.035
Publisher: Elsevier
Date: 2007
Author/Creator: Ranjan, Ram
Author/Creator: James, Shortle
Description: The relevance and implications of the environmental Kuznets hypothesis are examined in the presence of stock effects and non-linearities associated with pollution generation. Stock effects lead to hysteresis and irreversibilities in environmental quality that are overlooked when emphasis is placed on the flow effects of pollutants only. It is demonstrated here that an optimal growth plan in the presence of stock effects shifts the focus away from prescribing economic growth as a panacea for environmental ills. Implications for currently industrializing economies are discussed.
Description: 12 page(s)
Subject Keyword: environmental Kuznets curve
Subject Keyword: hysteresis
Subject Keyword: stock effects
Subject Keyword: growth and environment
Resource Type: journal article
Organisation: Macquarie University. Graduate School of the Environment

Macquarie University ResearchOnline