Introduction to Sustainable Resource Use and Economic Dynamics
METADATA ONLY
Loading...
Author / Producer
Date
2007
Publication Type
Book Chapter
ETH Bibliography
yes
Citations
Altmetric
METADATA ONLY
Data
Rights / License
Abstract
There are many compelling reasons why environmental and resource problems should be placed in a dynamic perspective. Traditionally, resource economics needs to study the dynamics of depletion of natural resources and environmental services. Current use of non-renewables, such as oil reserves, determines future resource availability. Renewable natural resources regenerate in a dynamic ecological process, which is disturbed by commercial harvesting activities. Similarly, environmental economics has to deal with pollution dynamics when pollution entails long-lasting cumulative effects in soil and marine resources or in the atmosphere. Looking at the impact of resource scarcity and pollution for the economy as a whole we additionally find that macroeconomic dynamics become highly relevant. To offset the increasing scarcity of natural resources and to promote sustainable development, capital accumulation and technological change are essential. In particular, the development and adoption of new technologies allow improving resource and abatement efficiency. Finally, social dynamics are important: the behaviour of polluters or natural resource users, as well as policymakers, changes over time because of learning behaviour, or because of changing perceptions, the building-up of new information, and the reaction thereupon.
Permanent link
Publication status
published
Editor
Book title
Sustainable Resource Use and Economic Dynamics
Journal / series
Volume
10
Pages / Article No.
1 - 16
Publisher
Springer
Event
Edition / version
Methods
Software
Geographic location
Date collected
Date created
Subject
Organisational unit
03635 - Bretschger, Lucas (emeritus) / Bretschger, Lucas (emeritus)
Notes
Funding
Related publications and datasets
Is part of: