Chapter

Natural Resources and Economic Growth: Towards a Definition of Sustainability

Jean‐Marie Baland and Jean‐Philippe Platteau

in Halting Degradation of Natural Resources

Published in print March 2000 | ISBN: 9780198290612
Published online January 2005 | e-ISBN: 9780191601613 | DOI: http://dx.doi.org/10.1093/0198290616.003.0002
 Natural Resources and Economic Growth: Towards a Definition of Sustainability

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This chapter presents a rationale for a conservationist policy, but argues against the preservation of all renewable natural resources. Production becomes more sensitive to resource degradation the more fragile the resource base. When conservation investments are less effective, the adoption of shut-down practices will be optimal for resource users, and the lower long-run (steady-state) stock of the resources becomes even under conservation practices.

Keywords: natural resource; conservationist policy; degradation; resource management; economic growth; sustainability

Chapter.  8291 words.  Illustrated.

Subjects: Economic Development and Growth

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