Data/hora: 27/07/2024 02:14:54

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	Sustainability and Optimality in Economic Development: Theoretical Insights and Policy Prospects	
Autores: 	Farzin,   Y. Hossein.	
Data: 	2008-01-14	
Ano: 	2007	
Palavras-chave: 	Sustainability; Intergenerational equity; Optimality; Discounting; Development policy; International Development; Q01; Q56; O21; O13; D62; D63.	
Resumo: 	This paper takes sustainability to be a matter of intergenerational welfare equality and examines whether an optimal development path can also be sustainable. It argues that the general “zero-net-aggregate-investment” condition for an optimal development path to be sustainable in the sense of the maximin criterion of intergenerational justice is too demanding to be practical, especially in the context of developing countries. The maximin criterion of sustainability may be more appealing to the rich advanced industrial countries, but is too costly and ethically unreasonable for developing nations as it would act as an intergenerational “poverty equalizer”. The paper suggests that a compromise development policy that follows the optimal growth approach but adopts certain measures to mitigate the intergenerational and intragenerational welfare inequalities may better serve these countries. Some of the principal elements of such a policy are highlighted.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	28393

http://purl.umn.edu/7447	
Editor: 	AgEcon Search	
Relação: 	Fondazione Eni Enrico Mattei (FEEM)&gt;Economic Theory and Applications Working Papers

ETA Nota di Lavoro 89.2007	
Formato: 	32

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