Economic growth and sustainable development: how should we discount the future?

摘要: In 1987, the Brundtland Commission famously defined sustainable development as “development that meets needs of present without compromising future”. This paper is concerned with translating this definition in framework neoclassical one-sector model economic growth. We investigate and compare three possible criteria for development. The first one, which was introduced by Chichilnisky, second Ekeland Lazrak, third goes back to Ramsey himself. define equilibrium strategies. For Chichilnisky criterion, there a unique strategy, just optimal strategy model. other two cases, continuum conclude most satisfying candidates are strategies criterion (H-criterion)