Optimal environmental policy and the dynamic property in LDCs
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...
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| Format: | Article |
| Language: | English |
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Wiley
2002-01-01
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| Series: | Discrete Dynamics in Nature and Society |
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| Online Access: | http://dx.doi.org/10.1080/1026022021000000239 |
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| _version_ | 1850156949372403712 |
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| author | Masahiro Yabuta |
| author_facet | Masahiro Yabuta |
| author_sort | Masahiro Yabuta |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-333a5d5ef0d748d38d97756cb7d34ff3 |
| institution | OA Journals |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2002-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-333a5d5ef0d748d38d97756cb7d34ff32025-08-20T02:24:21ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2002-01-0172717810.1080/1026022021000000239Optimal environmental policy and the dynamic property in LDCsMasahiro Yabuta0Faculty of Economics, Chuo University, 742-1, Higashi-Nakans, Hachioji, Tokyo, JapanThis 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.http://dx.doi.org/10.1080/1026022021000000239Environmental preservation; Foreign aid; LDCs; Common pool resources; Dynamic optimization. |
| spellingShingle | Masahiro Yabuta Optimal environmental policy and the dynamic property in LDCs Discrete Dynamics in Nature and Society Environmental preservation; Foreign aid; LDCs; Common pool resources; Dynamic optimization. |
| title | Optimal environmental policy and the dynamic property in LDCs |
| title_full | Optimal environmental policy and the dynamic property in LDCs |
| title_fullStr | Optimal environmental policy and the dynamic property in LDCs |
| title_full_unstemmed | Optimal environmental policy and the dynamic property in LDCs |
| title_short | Optimal environmental policy and the dynamic property in LDCs |
| title_sort | optimal environmental policy and the dynamic property in ldcs |
| topic | Environmental preservation; Foreign aid; LDCs; Common pool resources; Dynamic optimization. |
| url | http://dx.doi.org/10.1080/1026022021000000239 |
| work_keys_str_mv | AT masahiroyabuta optimalenvironmentalpolicyandthedynamicpropertyinldcs |