TY  - JOUR
AB  - While there is strong consensus at the conceptual level about
sustainable development there are few formal models that outline the
conditions for environmentally steady and sustainable growth in a
decentralized market economy. Addresses this issue by building a Green
GNP model and then deriving a single long‐run condition for
environmentally steady and sustainable growth. Examines the relationship
between industrial affluence and environmental decay. If industrial
affluence comes from the lower elasticity of substitution among goods,
it does not necessarily cause environmental decay. Finding that
substitutability still plays an important role in environmentally steady
and sustainable growth and concludes that public policy makers should
pay more attention to the relationship between substitutability among
goods and environmental sustainability.
VL  - 21
IS  - 6
SN  - 0144-3585
DO  - 10.1108/01443589410071454
UR  - https://doi.org/10.1108/01443589410071454
AU  - Choi Yong‐Yil
PY  - 1994
Y1  - 1994/01/01
TI  - A Green GNP Model and Sustainable Growth
T2  - Journal of Economic Studies
PB  - MCB UP Ltd
SP  - 37
EP  - 45
Y2  - 2024/04/24
ER  -