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| Author: | Pezzey, J.C.V. |
| Title: | One-sided sustainability tests with amenities, and changes in technology, trade and population |
| Journal: | Journal of Environmental Economics and Management
2005 : JUL, VOL. 548:1, p. 613-631 |
| Index terms: | investment net present value population sustainable development |
| Language: | eng |
| Abstract: | If an economy with multiple consumption goods only maximises present value with constant discounting, it is unsustainable at some time if either of two measures - augmented net investment, or the change in augmented green net national product - are zero or negative then. "Augmented" denotes that time is treated as a productive stock, which is included in each measure of the value of future, exogenous changes in technology or terms of trade. |
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