The Place of Nature in Economic Development*

Sustainability in Uncertain Economies

“…It is indeed possible for an economy's productive base to decrease while NNP grows, and if such a story goes on, economic growth will sooner or later stop and reverse sign, so that NNP will decline as will the social well-being too. It can actually be proved (Dasgupta 2009) that a small perturbation to the economy increases social well being if and only if aggregate consumption is less than NNP, providing further evidence that NNP is not a correct index for measuring sustainable development. Further contributions by Xepapadeas (2008, 2009) have extended the analysis to the case of environmental externalities to show that what is often regarded as total factor productivity is likely to be due to the use of environment in output production.…”

“…For a discussion about the possible negative value of the discount factor if climate change is taken into account seeDasgupta (2008c). On the effects of discounting in climate-change policy analysis under structural uncertainty or catastrophic events seeWeitzman (2009).…”

Economic and distributional impacts of climate change: The case of Ethiopia

“…Dasgupta (2010) provides a very insightful discussion about the research dealing with importance of natural capital for lives of the poor and economies at large. A closely related line of research attempts to quantify the economic impacts of climate change at a global or regional level.…”

Does Gender Equality Lead to Better-Performing Economies A Bayesian Causal Map Approach

“…GDP, gross national income, consumption, disposable income, employment) fall short of explaining individual and societal welfare, much less addressing inequalities in society, whether open or hidden (Boarini et al 2006;Stiglitz et al 2009;Dasgupta 2010;OECD 2011).…”