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Long-Term Productivity Grow...
The natural environment provides crucial inputs and services for economic development, but its role for productivity growth is insufficiently explored. Environmental scarcities can pose a drag on productivity growth and a risk for its sustainability. At the same time productivity growth is often seen as the solution to environmental challenges. Methodological problems abound, overall the literature suggests that environmental issues are a potentially important risk factor. Theoretical models tend to focus the role of resource-augmenting technical progress in the long run, in light of environmental constraints. Macroeconomic studies suggest the contribution of the natural environment to productivity growth has been modest overall. Microeconomic studies focus on partial equilibrium impacts, which in many cases have been found larger than expected. Finally, case-studies of historical civilisation collapses suggest the risks may be significant
Analítica
analitica Rebiun29508648 https://catalogo.rebiun.org/rebiun/record/Rebiun29508648 a o d i cr || |||m|n|| 171201s2016 ||| o i|0| 0 eng d UAM 991007664294504211 CBUC 991009704779006719 CBUC 991011040287606709 CBUC 991012608463306708 FR-PaOEC O44 jelc Q56 jelc O13 jelc Bowen, Alex Long-Term Productivity Growth and the Environment electronic resource] Alex Bowen Paris OECD Publishing 2016 Paris Paris OECD Publishing 1 online resource (51 p. ) 1 online resource (51 p. ) OECD Environment Working Papers 19970900 no.102 The natural environment provides crucial inputs and services for economic development, but its role for productivity growth is insufficiently explored. Environmental scarcities can pose a drag on productivity growth and a risk for its sustainability. At the same time productivity growth is often seen as the solution to environmental challenges. Methodological problems abound, overall the literature suggests that environmental issues are a potentially important risk factor. Theoretical models tend to focus the role of resource-augmenting technical progress in the long run, in light of environmental constraints. Macroeconomic studies suggest the contribution of the natural environment to productivity growth has been modest overall. Microeconomic studies focus on partial equilibrium impacts, which in many cases have been found larger than expected. Finally, case-studies of historical civilisation collapses suggest the risks may be significant Environment OECD Environment Working Papers 19970900 no.102