THE GREEN GOLDEN-RULE

Authors
CHICHILNISKY G HEAL G BELTRATTI A
Citation
G. Chichilnisky et al., THE GREEN GOLDEN-RULE, Economics letters, 49(2), 1995, pp. 175-179
Citations number
14
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
49
Issue
2
Year of publication
1995
Pages
175 - 179
Database
ISI
SICI code
0165-1765(1995)49:2<175:TGG>2.0.ZU;2-X
Abstract
We introduce a growth model with environmental assets as a source of u tility and an input to consumption and production. In this model we de velop the Green Golden Rule, a generalization of the golden rule of ne oclassical growth theory. We apply this to the case where the object i s the maximization of long-run or limiting utility rather than long-ru n consumption.