Discrete Dynamics in Nature and Society

Discrete Dynamics in Nature and Society / 2002 / Article

Open Access

Volume 7 |Article ID 731476 | https://doi.org/10.1080/1026022021000000239

Masahiro Yabuta, "Optimal environmental policy and the dynamic property in LDCs", Discrete Dynamics in Nature and Society, vol. 7, Article ID 731476, 8 pages, 2002. https://doi.org/10.1080/1026022021000000239

Optimal environmental policy and the dynamic property in LDCs

Received14 Apr 2001

Abstract

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.It has been proved that people in LDCs need a voluntary development of the eco-consciousness for better environmental situation. Because this leads to declining of the rate of economic growth, it may be justified that more foreign aid for domestic economic growth should be financed. By investigating some stability properties of the dynamic system, we have also reached an interesting proposition that the feasibility and effectiveness of the optimal control policy pursued by the social planner of LDCs depend on the people's consciousness towards natural environment.

Copyright © 2002 Hindawi Publishing Corporation. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.


More related articles

 PDF Download Citation Citation
 Order printed copiesOrder
Views83
Downloads388
Citations

Related articles

We are committed to sharing findings related to COVID-19 as quickly as possible. We will be providing unlimited waivers of publication charges for accepted research articles as well as case reports and case series related to COVID-19. Review articles are excluded from this waiver policy. Sign up here as a reviewer to help fast-track new submissions.