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Optimal Environmental Policy and the Dynamic Property in LDCs

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dc.contributor.author Yabuta, Masahiro en_US
dc.date.accessioned 2009-07-31T14:52:36Z
dc.date.available 2009-07-31T14:52:36Z
dc.date.issued 2002 en_US
dc.date.submitted 2009-01-30 en_US
dc.date.submitted 2009-01-30 en_US
dc.identifier.uri https://hdl.handle.net/10535/2680
dc.description.abstract "This paper has provided a model framework of foreign assistance policy in the context of dynamic optimal control and investigated the environmental policies in LDCs that received some financial support from abroad. The model framework features a specific behavior of the social planner who determines the level of voluntary expenditure for preservation of natural environment. Because more financial needs for natural environmental protection means less allowance of growth-oriented investment, the social planner confronts a trade-off problem between economic growth and environmental preservation. To tackle with this clearly, we have built a dynamic model with two control variables: per-capita consumption and voluntary expenditure for natural environment. It has been proved that people in LDCs need a voluntary development of the eco-consciousness for better environmental situation. Because this leads to declining of the rate of economic growth, it may be justified that more foreign aid for domestic economic growth should be financed. By investigating some stability properties of the dynamic system, we have also reached an interesting proposition that the feasibility and effectiveness of the optimal control policy pursued by the social planner of LDCs depend on the peoples consciousness towards natural environment." en_US
dc.subject environmental protection en_US
dc.subject foreign aid en_US
dc.subject common pool resources en_US
dc.title Optimal Environmental Policy and the Dynamic Property in LDCs en_US
dc.type Journal Article en_US
dc.type.published published en_US
dc.subject.sector General & Multiple Resources en_US
dc.identifier.citationjournal Discrete Dynamics in Nature and Society en_US
dc.identifier.citationvolume 7 en_US
dc.identifier.citationnumber 2 en_US
dc.identifier.citationmonth January en_US

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