Environment, Human Development and Economic Growth

37 Pages Posted: 13 Mar 2006

See all articles by Valeria Costantini

Valeria Costantini

University of Rome III - Department of Economics

Salvatore Monni

University of Rome III - Department of Economics

Date Written: February 2006

Abstract

Over the last few years, environmental issues have entered into policy design, particularly development and growth policies. Natural resources are considered necessary production inputs and environmental quality is considered a welfare determinant. The integration of environmental issues into economic growth and development theories and empirics is currently widely analyzed in the literature. The effects of natural resources endowment on economic growth are mainly analyzed through the so-called Resource Curse Hypothesis (RCH) whereas the effects of economic growth on environmental quality are part of the Environmental Kuznets Curve (EKC). Furthermore, recent contributions on RCH and EKC have shown the important role of institutions and human development dimensions in building a sustainable development path. In this paper, we attempt to analyze the causal relationships between economic growth, human development and sustainability combining the RCH and EKC models and adopting a human development perspective.

Keywords: Natural Resources, Sustainability, Human Development, Trade

JEL Classification: O15, Q01, Q56

Suggested Citation

Costantini, Valeria and Monni, Salvatore, Environment, Human Development and Economic Growth (February 2006). FEEM Working Paper No. 35.2006, Available at SSRN: https://ssrn.com/abstract=888775 or http://dx.doi.org/10.2139/ssrn.888775

Valeria Costantini (Contact Author)

University of Rome III - Department of Economics ( email )

Via Silvio D'Amico, 77
00145 Rome, 00145
Italy
+39 06 5711 4723 (Phone)

Salvatore Monni

University of Rome III - Department of Economics ( email )

Via Ostiense,139
Roma, RM
Italy

HOME PAGE: http://host.uniroma3.it/facolta/economia/vedi_docente.asp?id=155

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