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Economic growth and the environment

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Date
2013-04
Author
Figueroa, Adolfo
UN Symbol
LC/G.2556-P
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Abstract
The relationship between economic growth and the environment is one of the most significant problems in modern economics. Empirical data are increasingly available, but the theories behind those data remain a matter of debate. This paper presents an elementary theoretical model of the interactions between the economic process and the environment, drawing on a theory developed by Georgescu-Roegen, in which the laws of thermodynamics are applied to the economic process. The model assumes that the growth and distribution process is currently operating amid conditions of environmental distress. The model is able to predict and explain the observed relationship between economic growth and the environment, identifying new public policy implications. The paper thus aims to contribute to the debate on the choices that society must make about the future of humanity.
Translation
Crecimiento económico y medio ambiente
Published in:
CEPAL Review   No.109

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Serie
CEPAL Review
ECLAC Subtopics
ENVIRONMENT
United Nations Subtopics
ECONOMIC GROWTH ; ENVIRONMENT ; CONSUMPTION ; NON-RENEWABLE RESOURCES ; POLLUTION ; THERMODYNAMICS ; ECONOMIC ASPECTS ; ENVIRONMENTAL ASPECTS
URI
https://hdl.handle.net/11362/11624
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