Dynamic Systems, Economic Growth, and the Environment

1. Front Matter

   Pages I-XVIII

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2. Dynamic Systems in Growth Models

   1. Front Matter

      Pages 1-1

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   2. On Adequate Transversality Conditions for Infinite Horizon Optimal Control Problems—A Famous Example of Halkin

      • Sabine Pickenhain

      Pages 3-22

   3. Sequential Precision of Predictions in Models of Economic Growth

      • Andrey A. Krasovskii, Alexander M. Tarasyev

      Pages 23-43

   4. High Order Precision Estimates in Algorithms for Solving Problems of Economic Growth

      • Andrey A. Krasovskii, Alexander M. Tarasyev

      Pages 45-59

3. Growth and Environment

   1. Front Matter

      Pages 61-61

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   2. Growth and Climate Change: Threshold and Multiple Equilibria

      • Alfred Greiner, Lars Grüne, Willi Semmler

      Pages 63-78

   3. Optimal Economic Growth Under Stochastic Environmental Impact: Sensitivity Analysis

      • Elena Rovenskaya

      Pages 79-107

   4. Optimal Economic Growth with a Random Environmental Shock

      • Sergey Aseev, Konstantin Besov, Simon-Erik Ollus, Tapio Palokangas

      Pages 109-137

4. Growth and Environmental Policy

   1. Front Matter

      Pages 139-139

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   2. Prices Versus Quantities in a Vintage Capital Model

      • Thierry Bréchet, Tsvetomir Tsachev, Vladimir M. Veliov

      Pages 141-159

   3. International Emission Policy with Lobbying and Technological Change

      • Tapio Palokangas

      Pages 161-181

   4. The Role of Product Differentiation in the Producer-targeted Promotion of Renewable Energy Technologies

      • Ina Meyer, Serguei Kaniovski

      Pages 183-195

   5. Dynamic Oligopoly with Capital Accumulation and Environmental Externality

      • Davide Dragone, Luca Lambertini, Arsen Palestini

      Pages 197-214

   6. On a Decentralized Boundedly Rational Emission Reduction Strategy

      • Arkady Kryazhimskiy

      Pages 215-236

5. Applications

   1. Front Matter

      Pages 237-237

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   2. Environmental Mortality and Long-Run Growth

      • Ulla Lehmijoki, Elena Rovenskaya

      Pages 239-258

   3. Development of Transportation Infrastructure in the Context of Economic Growth

      • Manuel Benjamin Ortiz-Moctezuma, Denis Pivovarchuk, Jana Szolgayova, Sabine Fuss

      Pages 259-289

The major goal of the book is to create an environment for matching different d- ciplinary approaches to studying economic growth. This goal is implemented on the basis of results of the Symposium “Applications of Dynamic Systems to E- nomic Growth with Environment” which was held at the International Institute for Applied Systems Analysis (IIASA) on the 7th–8th of November, 2008, within the IIASA Project “Driving Forces of Economic Growth” (ECG). The symposium was organized by coordinators of the ECG project: Jesus Crespo-Cuaresma from IIASA World Population Program, and Tapio Palokangas and Alexander Tarasyev from IIASA Dynamic Systems Program. The book addresses the issues of sustainability of economic growth in a cha- ing environment, global warming and exhausting energy resources, technological change, and also focuses on explanations of signi?cant ?uctuations in countries’ growth rates. The chapters focus on the analysis of historical economic growth - periences in relation to environmental policy, technological change, development of transport infrastructure, population issues and environmental mortality. The book is written in a popular-science style, accessible to any intelligent lay reader. The prime audience for the book is economists, mathematicians and en- neersworkingonproblemsofeconomicgrowthandenvironment.Themathematical part of the book is presented in a rigorous manner, and the detailed analysis is - pected to be of interest to specialists in optimal control and applications to economic modeling. The book consists of four interrelated parts.

• Climate Change
• Dynamic Systems
• Economic Growth
• Environmental Economics
• Global Warming
• Optimal Control
• Sustainability
• development
• growth
• growth model

• Fak. Volkswirtschaft und Statistik, Universität Innsbruck, Innsbruck, Austria

  Jesús Crespo Cuaresma

• Dept. Economics, University Helsinki, Helsinki, Finland

  Tapio Palokangas

• Inst. Mathematics & Mechanics, Ural Branch of the Russ Acad of Sciences, Ekaterinburg, Russian Federation

  Alexander Tarasyev

Policies and ethics