Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path

Detalhes bibliográficos
Autor(a) principal: Belbute, José Manuel Madeira
Data de Publicação: 2003
Outros Autores: Rodrigues, João, Domingos, Tiago, Conceição, Pedro
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10174/8403
Resumo: This paper extends the neoclassical growth model with natural capital by introducing two new concepts: allocation of natural capital and materialization. We consider that anthropogenic environmental impact is correlated with the throughput of the economy (materialisation). Materialisation is the material throughput per unit of economic activity. We capture the effect of the reduction of this throughput dematerialisation in the elasticities of materialisation and aggregate environmental impact. In our framework the fraction of natural capital devoted to production does not provide direct environmental services nor does it contribute to ecosystem functioning namely affecting the carrying capacity of natural capital.We analyse an optimal sustainable growth path, in the context of exogenous technological change. Our main conclusion is that the ratio of dematerialisation elasticities must equal the inverse of the share of natural capital in order to assure unbounded economic growth with constant natural capital.
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spelling Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth PathEconomic growthenvironmental concernssustainability constraintsmaterialisation and allocation of natural capitalThis paper extends the neoclassical growth model with natural capital by introducing two new concepts: allocation of natural capital and materialization. We consider that anthropogenic environmental impact is correlated with the throughput of the economy (materialisation). Materialisation is the material throughput per unit of economic activity. We capture the effect of the reduction of this throughput dematerialisation in the elasticities of materialisation and aggregate environmental impact. In our framework the fraction of natural capital devoted to production does not provide direct environmental services nor does it contribute to ecosystem functioning namely affecting the carrying capacity of natural capital.We analyse an optimal sustainable growth path, in the context of exogenous technological change. Our main conclusion is that the ratio of dematerialisation elasticities must equal the inverse of the share of natural capital in order to assure unbounded economic growth with constant natural capital.2013-04-03T11:28:54Z2013-04-032003-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/8403http://hdl.handle.net/10174/8403engBelbute, J.M.M., J. Rodrigues, T. Domingos e P. Conceição (2003), Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path, Documento de Trabalho nº 2003/01, Universidade de Évora, Departamento de Economia.21jbelbute@uevora.ptjoaofrodrigues@hotmail.comndndC62, O40, Q011_2003Department of Economics, University of ÉvoraPhD Student, IDMEC, Instituto Superior TécnicoIDMEC, Institute of Mechanical Engineering, Instituto Superior TécnicoIIN+, Center for Innovation, Technology and Policy Research, Instituto Superior TécnicoBelbute, José Manuel MadeiraRodrigues, JoãoDomingos, TiagoConceição, Pedroinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T18:49:20Zoai:dspace.uevora.pt:10174/8403Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:02:39.853332Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path
title Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path
spellingShingle Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path
Belbute, José Manuel Madeira
Economic growth
environmental concerns
sustainability constraints
materialisation and allocation of natural capital
title_short Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path
title_full Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path
title_fullStr Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path
title_full_unstemmed Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path
title_sort Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path
author Belbute, José Manuel Madeira
author_facet Belbute, José Manuel Madeira
Rodrigues, João
Domingos, Tiago
Conceição, Pedro
author_role author
author2 Rodrigues, João
Domingos, Tiago
Conceição, Pedro
author2_role author
author
author
dc.contributor.author.fl_str_mv Belbute, José Manuel Madeira
Rodrigues, João
Domingos, Tiago
Conceição, Pedro
dc.subject.por.fl_str_mv Economic growth
environmental concerns
sustainability constraints
materialisation and allocation of natural capital
topic Economic growth
environmental concerns
sustainability constraints
materialisation and allocation of natural capital
description This paper extends the neoclassical growth model with natural capital by introducing two new concepts: allocation of natural capital and materialization. We consider that anthropogenic environmental impact is correlated with the throughput of the economy (materialisation). Materialisation is the material throughput per unit of economic activity. We capture the effect of the reduction of this throughput dematerialisation in the elasticities of materialisation and aggregate environmental impact. In our framework the fraction of natural capital devoted to production does not provide direct environmental services nor does it contribute to ecosystem functioning namely affecting the carrying capacity of natural capital.We analyse an optimal sustainable growth path, in the context of exogenous technological change. Our main conclusion is that the ratio of dematerialisation elasticities must equal the inverse of the share of natural capital in order to assure unbounded economic growth with constant natural capital.
publishDate 2003
dc.date.none.fl_str_mv 2003-01-01T00:00:00Z
2013-04-03T11:28:54Z
2013-04-03
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10174/8403
http://hdl.handle.net/10174/8403
url http://hdl.handle.net/10174/8403
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Belbute, J.M.M., J. Rodrigues, T. Domingos e P. Conceição (2003), Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path, Documento de Trabalho nº 2003/01, Universidade de Évora, Departamento de Economia.
21
jbelbute@uevora.pt
joaofrodrigues@hotmail.com
nd
nd
C62, O40, Q01
1_2003
Department of Economics, University of Évora
PhD Student, IDMEC, Instituto Superior Técnico
IDMEC, Institute of Mechanical Engineering, Instituto Superior Técnico
IIN+, Center for Innovation, Technology and Policy Research, Instituto Superior Técnico
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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