|
on Environmental Economics |
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Issue of 2014‒10‒17
forty-two papers chosen by Francisco S. Ramos Universidade Federal de Pernambuco |
| By: | Asian Development Bank (ADB); (East Asia Department, ADB); ; |
| Abstract: | The threats posed by climate change have significant impacts on Mongolia’s grassland ecosystems and herders’ livelihoods. This publication discusses the auses of climate change and its impacts on livelihoods and ecosystems for herders and the general public. It explains how good pasture management and livestock roductivity are important for increasing incomes and provides information on adaptation practices. It also identifies sustainable management practices that can increase communities’ resilience to climate change, improve environmental quality, and increase local revenue. |
| Keywords: | Mongolia, climate change, mitigation, adaptation, greenhouse gas, GHG, carbon dioxide, methane, National Action Program on Climate Change, National Livestock Program, herders livelihoods, development, pasture rotation, pasture management livestock management, nationally appropriate mitigation action; NAMA, carbon finance ,carbon market |
| Date: | 2014–01 |
| URL: | http://d.repec.org/n?u=RePEc:asd:wpaper:rpt136101&r=env |
| By: | Asian Development Bank (ADB); (East Asia Department, ADB); ; |
| Abstract: | The People’s Republic of China (PRC) is being impacted by climate change. The resulting degradation and desertification of grasslands are projected to lead to decreased productivity and severely affect livestock and ecosystems. Financial incentives are required to improve environmental management of grasslands and reduce greenhouse gas emissions in the grassland sector of the PRC. This publication summarizes the legal and policy framework for incentive programs, assesses the impact of three main incentive programs on soil carbon stocks, and analyzes the implications of these existing incentive mechanisms for the development of grassland carbon finance projects for domestic carbon markets. |
| Keywords: | China; People’s Republic of China; PRC, mitigation, climate policy, grassland management, livestock management grassland carbon sequestration, carbon offset, carbon market carbon trade, carbon dioxide , greenhouse gas, clean development mechanism; CDM, certified emission reduction; CER, GHG intensity, carbon credit, emissions trading verified carbon standard; VCS, voluntary emission reduction; VER |
| Date: | 2014–01 |
| URL: | http://d.repec.org/n?u=RePEc:asd:wpaper:rpt136139&r=env |
| By: | Hassan MOEENNEMATI |
| URL: | http://d.repec.org/n?u=RePEc:ekd:002596:259600118&r=env |
| By: | Niels ANGER; Jayant SATHAYE |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000238:23800003&r=env |
| By: | World Bank |
| Keywords: | Environment - Climate Change Mitigation and Green House Gases Water Resources - Wetlands Environment - Wildlife Resources Health, Nutrition and Population - Population Policies Environmental Economics and Policies |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wboper:20116&r=env |
| By: | Eloi Laurent (OFCE) |
| Abstract: | Ecological crises born with the Anthropocene have arrived at a paradoxical juncture: as environmental degradations gradually become unbearable, environmental concern seems to become intolerable. One can think of two powerful forces at play behind this striking paradox sidestepping environmental emergency when it is most warranted (...). |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:spo:wpmain:info:hdl:2441/f6h8764enu2lskk9p4a36i6c0&r=env |
| By: | Andreas Löschel; Vincent M. Otto |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000034&r=env |
| By: | Barbara Annicchiarico (DEDI and CEIS, Università di Roma "Tor Vergata"); Fabio Di Dio (Sogei S.p.a. - IT Economia) |
| Abstract: | We study Ramsey monetary policy in a New Keynesian model embodying pollutant emissions and greenhouse gas emissions control policy. We find that the optimal response of inflation to technology shocks is crucially affected by the environmental regime adopted for emissions control. |
| Keywords: | Monetary Policy, Ramsey Problem, GHG Emission Control Policy |
| JEL: | E32 E52 Q58 |
| Date: | 2014–09–24 |
| URL: | http://d.repec.org/n?u=RePEc:rtv:ceisrp:330&r=env |
| By: | Kirsten S. WIEBE; Martin BRUCKNER; Stefan GILJUM; Christian LUTZ; Kirsten S. WIEBE |
| URL: | http://d.repec.org/n?u=RePEc:ekd:002596:259600172&r=env |
| By: | Kenichi MATSUMOTO; Azusa OKAGAWA |
| URL: | http://d.repec.org/n?u=RePEc:ekd:002596:259600116&r=env |
| By: | Alejandreo Guevara (Department of Economics, Universidad Iberoamericana, Mexico City. Mexico); Alberto Lara |
| Abstract: | In this article we describe a case study of policy challenges for the implementation of a public policy which generates social, economic and environmental benefits simultaneously and thus achieving climate change mitigation. In particular, we analyze the creation of the National Energy Efficiency Project for Municipal Street Lighting in Mexico. We present a technical and economic analysis which identifies profitable investment opportunities yielding average IRR of 63% and a capture of 15,929 carbon dioxide equivalent tons. We describe the obstacles faced by the stakeholders in the implementation of the project; as well as its performance up to date. This article presents evidence of how it is possible to implement measures contributing to sustainable development by considering elements of social, economic and environmental efficiency while coping with its policy constraints. |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:uic:wpaper:0214&r=env |
| By: | Helmut MAIER |
| URL: | http://d.repec.org/n?u=RePEc:ekd:003306:330600095&r=env |
| By: | ADKINS Liwayway G.; GARBACCIO Richard F. |
| URL: | http://d.repec.org/n?u=RePEc:ekd:003307:330700000&r=env |
| By: | Truong Truong; Hiroshi Hamasaki; Claudia Kemfert |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000061&r=env |
| By: | Leslie SHIELL; Nikita LYSSENKO |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000215:21500085&r=env |
| By: | Holderieath, Jason |
| Abstract: | Recently, the Federal Crop Insurance Program (FCIP) has come under fire from both popular press (e.g. Nixon 2012), the academic press (e.g. Hennessy 2011; Wright and Wimberly 2013), and this criticism is reflected in government publications (e.g. Shields 2012; US GAO 2007). The common argument is that subsidized crop insurance encourages expansion of cropping onto otherwise unsuitable land. In particular, the argument equates low productivity or high yield risk with environmental sensitivity (Nixon 2012; Hennessy 2011). In part, this conflation is due to the concern over land use change from the Conservation Reserve Program (CRP) to cropping. CRP was, by construction, designed to take low productivity land out of production. In addition to CRP conversion, concern has focused on grassland conversion to crop land (Archer 2011; Johnston 2011; Hennessy 2011; Wright and Wimberly 2013). The United States Government Accountability Office recognized the land use change and the possibility that federal programs were influencing land use choices and recommended that the executive branch investigate. The environmental effects of increased cropping use of environmentally sensitive land include erosion (which would lead to increased nutrient and sediment pollution), carbon release in conversion and reduction in carbon sequestration in future This paper will empirically test the assertion that crop insurance, broadly stated, is a causal factor in increased cropping land use. Data from The United States Department of Agriculture’s National Agricultural Statistics Service (NASS), The United States Department of Agriculture’s Risk Management Agency (RMA), The National Oceanic and Atmospheric Administration’s National Climatic Data Center, The Board of Governors of the Federal Reserve System, and The Federal Reserve Bank of Kansas City was compiled in Stata® for use in this analysis. This data was collected covering the period between 1981 and 2013 for Colorado, Kansas, Nebraska, Wyoming, Oklahoma, and Missouri. In 2013, these states grew twenty percent and eighteen percent of the corn and soybean, respectively, production in the US. Corn and Soybean production made up fifty and twenty-two percent of these states total crop production. These states are important to national production of corn and soybeans and these two crops are important to these states. If we accept that environmentally sensitive and marginal land are the same, as the press suggesting the existence of a link propose, one should expect that county yields would fall with higher levels of insurance participation. Further, if the effect is linear one would expect a statistically significant negative link between the proportion of land enrolled in crop insurance and county yields. The obvious dependent variable would look at acres, however with the length of CRP contracts, crop rotation, and the possibility of grassland or woodlot conversion to cropland suggested that the dependent variable would have to measure the quality of production rather than the acres carried out on. Supposing the relationship to be linear, a robust random effects generalized least squares regression model was built to test for the relationship between enrollment and yield. Results indicate that the link between crop insurance participation and yield is negative and statistically significant. It does appear that crop insurance participation has something to do with increased cropping of environmentally sensitive land, but further research is needed to confirm this result. |
| Keywords: | Crop Insurance, Panel Data, Environmentally Sensitive Land, Agricultural and Food Policy, Land Economics/Use, Q5, Q180, |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaeacj:184269&r=env |
| By: | Bulent Acma |
| Abstract: | The use of renewable energy is expanding rapidly due to a combination of market and political forces. Government regulations, consumer demand, economics, and environmental and sustainability concerns are all driving forces in the expanding renewable energy market. As a result of accelerated development and implementation in the past few years, renewable energy has emerged from niche markets to become a mainstream player in the energy market. While renewable energy sources have generally been thought of as more environmentally benign than conventional resources, not all applications of renewable energy should be considered sustainable. Renewable energy options include wind, solar, biomass, biogas, geothermal, and water energy(hydroelectric/ocean)The objective of this paper is to describe water resources development as a major renewable energy and its role in the current energy situation in Turkey. First section, provides a brief overview of the major renewable energy resources that have the potential for market development in the next decade. Second section, analyses water resources potential of Turkey. Third section, gives legislative and institutional aspects of water sector in the Turkish Constitution. Fourth section, analyses participatory irrigation management activities and present status of water resources in Turkey. Finally, will be discussing about participatory irrigation management activities in Turkey.First section, provides a brief overview of the major renewable energy resources that have the potential for market development in the next decade. Second section, analyses water resources potential of Turkey. Third section, gives legislative and institutional aspects of water sector in the Turkish Constitution. Fourth section, analyses participatory irrigation management activities and present status of water resources in Turkey. Finally, will be discussing about participatory irrigation management activities in Turkey. |
| Keywords: | Turkey, Energy, Environmental and water issues |
| Date: | 2014–10–01 |
| URL: | http://d.repec.org/n?u=RePEc:ekd:006666:7616&r=env |
| By: | Ron SANDS; Katja SCHUMACHER |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000238:23800124&r=env |
| By: | William Rex; Vivien Foster; Kimberly Lyon; Julia Bucknall; Rikard Liden |
| Keywords: | Environment - Climate Change Mitigation and Green House Gases Energy - Energy Production and Transportation Energy - Hydro Power Water Resources - Water and Energy Banks and Banking Reform Finance and Financial Sector Development |
| Date: | 2014–10 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wboper:20351&r=env |
| By: | Allee, David; Antle, George; Tang, James; Schad, Ted; Cywin, Allen; Aron, Gert; James, Douglas; Toenniessen, Gary; Saski, Brion; Boland, John J.; Mahmood, Khalia; Sabadell, Eleonora |
| Keywords: | Crop Production/Industries, Environmental Economics and Policy, Land Economics/Use, |
| URL: | http://d.repec.org/n?u=RePEc:ags:cudasp:184395&r=env |
| By: | Grant Allan; Peter McGregor; Kim Swales; Karen Turner |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000001&r=env |
| By: | Nadia Ameli; Nicola Brandt |
| Abstract: | Many studies on household energy efficiency investments suggest that a wide range of seemingly profitable investments are not taken up. This paper provides novel evidence on the main factors behind consumer choices using the OECD Survey on Household Environmental Behaviour and Attitudes. The empirical analysis is based on the estimation of binary logit regression models. Empirical results suggest that households’ propensity to invest in clean energy technologies depends mainly on home ownership, income, social context and households’ information. Indeed, home owners and high-income households are more likely to invest than renters and low-income households. On the other hand, social context, such as membership in an environmental non-governmental organisation, and households’ knowledge about their energy spending and use may play a relevant role in technology adoption. Les déterminants de l'investissement des ménages dans l'efficacité énergétique et les énergies renouvelables : Résultat de l'enquête de l'OCDE sur les comportements et attitudes des ménages face aux questions d'environnement De nombreuses études sur les investissements des ménages en matière d'efficacité énergétique suggèrent qu'une large gamme d'investissements apparemment rentables n’est pas exploitée. Cette étude fournit de nouveaux éléments de preuve sur les principaux facteurs qui expliquent les choix des consommateurs à l'aide de l'Enquête de l'OCDE sur les comportements et les attitudes des ménages avec l’environnement. L'analyse empirique est basée sur l'estimation des modèles de régression logit binaires. Les résultats empiriques suggèrent que la propension des ménages à investir dans les technologies d'énergie propre dépend principalement de la propriété, du revenu, du contexte social et de l'information sur le sujet qu’obtiennent les ménages. En effet, les propriétaires de maison et les ménages à revenu élevé sont plus susceptibles d'investir que les locataires et les ménages à faible revenu. D'autre part, le contexte social, tels que l'appartenance à une organisation non gouvernementale pour la protection de l'environnement, la connaissance des ménages sur leurs dépenses d'énergie et l'utilisation peut jouer un rôle important dans l'adoption de la nouvelle technologie. |
| Keywords: | energy efficiency, technology adoption, consumer behaviour, discrete choice, choix discret, efficacité énergétique, adoption de la technologie, comportement des consommateurs |
| JEL: | D12 O33 Q20 Q40 Q56 R22 |
| Date: | 2014–09–24 |
| URL: | http://d.repec.org/n?u=RePEc:oec:ecoaaa:1165-en&r=env |
| By: | Olga Diukanova |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000012&r=env |
| By: | Victoria Umanskaya; Charles Mason; Edward Barbier |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000063&r=env |
| By: | Adolf STROOMBERGEN |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000238:23800138&r=env |
| By: | Tarana Mammadova; Т.А. Мамедова, Х.Ш. Теюбов, С.К. Алиева, З.Ш. Багиров, З.М. Алиева, М.И. Рустамов, В.М. Аббасов |
| Abstract: | получение биодизельных топливиспользование явления ультразвуковой каитацииинтенсификаци процесса получения биодизельного топлива за счет сокращения продолжительности процесса |
| Keywords: | Azerbaijan, Energy, Environmental and water issues |
| Date: | 2014–10–01 |
| URL: | http://d.repec.org/n?u=RePEc:ekd:006666:7529&r=env |
| By: | Thomas Brenner (Economic Geography and Location Research, Philipps-University, Marburg); Daniel Lee (German Meteorological Service, Offenbach) |
| Abstract: | Climate change researchers predict a dramatic increase in global average temperature over the next decades. We use past temperature and precipitation fluctuations to investigate whether changes in temperature and precipitation are associated with decreases in economic growth. A GMM panel regression is used to analyze the effects of the average yearly heat index and precipitation on economic growth in 105 countries for the time period 1991-2009. |
| Keywords: | national growth, heat, average yearly temperature, growth effects, panel GMM |
| JEL: | O11 O13 E10 C23 |
| Date: | 2014–10–14 |
| URL: | http://d.repec.org/n?u=RePEc:pum:wpaper:2014-06&r=env |
| By: | Fatih Karanfil; Bilge Ozturk |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000239:23900041&r=env |
| By: | Keshab Raj Bhattarai |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000005&r=env |
| By: | Michel Damian (PACTE - Politiques publiques, ACtion politique, TErritoires - Institut d'Études Politiques [IEP] - Grenoble - CNRS : UMR5194 - Université Pierre-Mendès-France - Grenoble II - Université Joseph Fourier - Grenoble I) |
| Abstract: | Le climat ne semble pas au plus haut de l'agenda du gouvernement français et de sa diplomatie. C'est pourtant le Président François Hollande qui a proposé, en septembre 2012, que la réunion censée conclure un nouvel accord global sur le climat se tienne à Paris en décembre 2015. Les Etats-Unis, eux, ont déjà soumis - premier pays à l'avoir fait - leurs propositions clés pour la conférence. Tout reste à négocier. Les grandes orientations de l'accord qui devrait être signé à Paris sont cependant déjà connues : 1) pas d'accord international contraignant, mais seulement des " politiques nationales ", 2) pas d'engagement des Etats, mais seulement des " contributions " et, 3) fin de l'approche à deux vitesses ("bifurcated approach", selon les termes de la proposition américaine) de feu le Protocole de Kyoto, où seuls les pays développés s'étaient engagés, avec les résultats que l'on sait, à réduire leurs émissions. Cette fois, des contributions volontaires, de nature variable, sont attendues de la plupart des pays, y compris émergents et en développement. Mais les objectifs concrets de réduction des émissions de gaz à effet de serre que l'on peut déjà anticiper ne produiront pas, hélas, de miracle en matière de stabilisation des émissions. Pour qu'un compromis soit acceptable par le plus grand nombre, et sauvegarde la solidarité avec les pays et communautés les plus vulnérables, il y faudrait au minimum une diplomatie active bien en amont de décembre 2015. |
| Keywords: | CHANGEMENT CLIMATIQUE ; ACCORD INTERNATIONAL ; COP21 |
| Date: | 2014–07 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:halshs-00990907&r=env |
| By: | Piriyeva Xazangul; Kasimov A.A., Azizov A.G., Gadjizade S.M., Jamalova S.A., Zeynalova S.Kh., Tagiyeva Sh.F. |
| Abstract: | The article presents the results of the research to determine the transformation rate of paraffinic and olefin hydrocarbons in the composition of feedstock into liquid reaction products depending on the space velocity (13,1-287 h-1) and the reaction temperature 260-420°C.The article presents the results of the research to determine the transformation rate of paraffinic and olefin hydrocarbons in the composition of feedstock into liquid reaction products depending on the space velocity (13,1-287 h-1) and the reaction temperature 260-420°C.The article presents the results of the research to determine the transformation rate of paraffinic and olefin hydrocarbons in the composition of feedstock into liquid reaction products depending on the space velocity (13,1-287 h-1) and the reaction temperature 260-420°C. |
| Keywords: | Baku, Energy, Environmental and water issues |
| Date: | 2014–10–01 |
| URL: | http://d.repec.org/n?u=RePEc:ekd:006666:7403&r=env |
| By: | Mohamed Amine BOUTABA |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000215:21500018&r=env |
| By: | Kenichi Matsumoto |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000038&r=env |
| By: | Simla Tokgoz; Danielle Alencar Parente Torres; David Laborde; Jikun Huang |
| Abstract: | Brazil, China and U.S. play crucial roles in global food supply and demand system as consumers, producers, and traders. Therefore, any agricultural and environmental policy tool of these 3 countries deserve special attention since their policy environment contributes to farmers’ decisions to plant and consumers’ decisions to buy. In an era of growing demand pressures, it is more important than ever before to understand the impact of policies relevant to land and water resources. This study attempts to identify and analyze these dynamics for these 3 countries in a global context. |
| JEL: | F1 F4 F5 Q18 |
| URL: | http://d.repec.org/n?u=RePEc:fsc:fspubl:19&r=env |
| By: | Mikołaj Czajkowski (Faculty of Economic Sciences, University of Warsaw); Anna Bartczak (Faculty of Economic Sciences, University of Warsaw; Warsaw Ecological Economics Center); Wiktor Budziński (Faculty of Economic Sciences, University of Warsaw); Marek Giergiczny (Faculty of Economic Sciences, University of Warsaw; Warsaw Ecological Economics Center) |
| Abstract: | The assumption of the stability of preferences is a fundamental one in the theory of the consumer. Many papers within the stated preferences literature have tested this assumption, and have found mixed results. Individuals may become more sure of their preferences as they repeat a valuation task or purchase decision; they may also learn more about prices and quantities of substitutes or complements over time, or about other relevant characteristics of both the good being valued and alternatives in their choice sets. In this paper, we test for the stability of preferences and willingness to pay for attributes of forest management both within and between samples. The within-sample test compares a set of responses from individuals over the sequence of a survey; the between-sample test compares responses from the same people over a period of 6 months. We find that respondents’ preferences differ more within a sample (comparing their first 12 with their second 12 choices) than across samples. This may imply that preference learning and/or fatigue effects within choice experiments are more important than changes in preferences over time in this data. |
| Keywords: | preference stability, test-retest, discrete choice experiments, contingent valuation, stated preferences, forestry |
| JEL: | D01 H4 Q23 Q51 |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:war:wpaper:2014-24&r=env |
| By: | Ani Rudra Silwal (Department of Economics, University of Sussex, Falmer, United Kingdom); Andy McKay (Department of Economics, University of Sussex, Falmer, United Kingdom) |
| Abstract: | The vast majority of households in low-income countries cook with firewood, which is known to produce various airborne toxins. We examine whether cooking with firewood results in poorer respiratory health by using a unique Indonesian household survey that collected direct measures of lung capacity. We find that individuals living in households that cook with firewood have 11.2 per cent lower lung capacity than those that cook with cleaner fuels. This impact is larger for women and children than for men. The results strongly support the international policy focus on encouraging households to switch to cooking with cleaner fuels. |
| Keywords: | Health production; Indoor air pollution; Household energy use |
| JEL: | I12 Q53 O13 |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:sus:susewp:7214&r=env |
| By: | Josef APFELBECK; Marco HUIGEN; Tatjana KRIMLY |
| URL: | http://d.repec.org/n?u=RePEc:ekd:002841:284100004&r=env |
| By: | Ritu Paliwal; Prateek Sharma |
| URL: | http://d.repec.org/n?u=RePEc:ekd:002836:283600068&r=env |
| By: | Alexander Kolovos; George Christakos |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000023&r=env |
| By: | Vincent Linderhof; Rob Dellink |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000239:23900052&r=env |
| By: | Blandine LAPERCHE (Lab.RII, ULCO/Clersé-UMR8019, Université Lille Nord de France, RRI); Antje BURMEISTER (IFSRTAR, RRI); Céline MERLIN BROGNIART (Clersé-UMR8019, Université Lille Nord de France, RRI); Fédoua KASMI (Lab.RII, ULCO/Clersé-UMR8019, Université Lille Nord de France, RRI) |
| Abstract: | Potentiellement créatrice d’effets d’agglomération favorisant la génération et l’attractivité d’activités nouvelles, l’écologie industrielle peut être considérée comme un vecteur de développement territorial durable. Mais il est nécessaire de pallier aux difficultés (techniques, économiques, informationnelles…) liées à la mise en oeuvre des symbioses industrielles. Nous étudions le rôle que peuvent jouer les activités de services, publiques et privées, dans la réduction de ces difficultés. Par leurs fonctions relatives à l’organisation des relations marchandes, à l’acquisition ou au maintien des capacités par les agents ou encore à l’aide à la décision, les services peuvent réduire les coûts de transaction engendrés par la mise en oeuvre de symbioses industrielles et accompagner les décisions stratégiques des entreprises. Industrial ecology may generate agglomeration effects favorable to business development and territorial attractiveness. As such, it may be considered as a tool for sustainable territorial development. But it is necessary to reduce the (technical, economic, informational…) difficulties ensuing from the implementation of industrial symbiosis. We study the role that service activities, whether public or private, play in the reduction of these difficulties. Through their functions linked to the organization of market relations, to the acquisition and the strengthening of agents’ capabilities and to decision support, services can reduce transaction costs ensuing from the implementation of industrial symbiosis and be a support to strategic decisions of enterprises. |
| Keywords: | écologie industrielle, symbiose industrielle, activités de service |
| JEL: | Q57 Q01 L84 |
| Date: | 2014–06 |
| URL: | http://d.repec.org/n?u=RePEc:rii:riidoc:284&r=env |
| By: | Hiranya K. Nath (Department of Economics and International Business, Sam Houston State University) |
| Abstract: | Empirical evidence suggests that countries abundant in natural resources grow slower than those with little or no such resources. This article briefly discusses this paradoxical phenomenon, known as the natural resource curse, and explores various channels through which this curse may operate. However, natural resources could also be a source of sustainable development if they are prudently used to create wealth. Thus, this paper further presents empirical data on wealth creation across the developing world to assess sustainable development since 1995. In particular, it makes an attempt to unveil a possible relationship between natural resource dependence and sustainable development as measured in terms of creating broadly defined wealth. There are several interesting findings. First, among various income groups, lower middle income countries have been creating wealth at the fastest pace. These countries are concentrated mainly in East Asia and the Pacific and South Asia and have low levels of per capita natural capital. Second, wealth accumulation has been slower in the natural resource-rich countries of Latin America and the Caribbean and Middle East and North Africa. In highly resource dependent countries, adjusted net saving (ANS) has also been low or negative. Finally, ANS in Sub-Saharan Africa has not only been falling but also been negative in most recent years. There has been depletion of natural resources in this region. |
| Date: | 2014–06 |
| URL: | http://d.repec.org/n?u=RePEc:shs:wpaper:1409&r=env |