Pricing the planet's future Gollier, Christian; Gollier, Christian
2012., 20121111, 2012, 2013-01-01, 20130101
eBook
Our path of economic development has generated a growing list of environmental problems including the disposal of nuclear waste, exhaustion of natural resources, loss of biodiversity, climate change, ...and polluted land, air, and water. All these environmental problems raise the crucial challenge of determining what we should and should not do for future generations. It is also central to other policy debates, including, for example, the appropriate level of public debt, investment in public infrastructure, investment in education, and the level of funding for pension benefits and for research and development. Today, the judge, the citizen, the politician, and the entrepreneur are concerned with the sustainability of our development. The objective ofPricing the Planet's Futureis to provide a simple framework to organize the debate on what we should do for the future.
A key element of analysis by economists is the discount rate--the minimum rate of return required from an investment project to make it desirable to implement. Christian Gollier outlines the basic theory of the discount rate and the various arguments that favor using a smaller discount rate for more distant cash flows.
With principles that can be applied to many policy areas,Pricing the Planet's Futureoffers an ideal framework for dynamic problems and decision making.
V sodobnih mestih se lokalna tekmovalnost za finančne vire krepi bolj kot kdaj koli in vodi v razvoj mest, za katera je značilna pomembna družbenoekonomska preobrazba. V dosedanjih raziskavah so ...avtorji tesno povezavo med širjenjem mest, družbenoekonomskim razvojem in megadogodki proučevali samo za določena območja in vrste rasti mest, pri čemer so pogosto prezrli vlogo megadogodkov pri krepitvi nenačrtnega širjenja mestnih območij. Atene so kot gostiteljica poletnih olimpijskih iger leta 2004 tipičen primer razvijajočega se mesta, ki gosti megadogodek, in sicer predvsem zaradi tesne povezave med olimpijado, razvojem infrastrukture in nenačrtnim širjenjem mesta. V članku avtorja prikrito razmerje med gospodarskim razmahom kot posledico olimpijskih iger in preveliko liberalnostjo urbanizma povežeta z dolgoročnim nenadzorovanim širjenjem mestnih površin, značilnim za razvoj Aten. Ker so posledične družbenoekonomske razmere omogočile začetni val nenadzorovanega širjenja mestnega območja, jih pojasnjujeta kot šibkost konkurenčnega mesta na slabo načrtovanih in dolgotrajno dereguliranih urbanih območjih, kot je atensko. Podrobna analiza najnovejših razvojnih stopenj gospodarske rasti in nesklenjenega širjenja mestnih površin daje dodaten vpogled v procese nenačrtnega širjenja današnjih mest in pomaga prepoznati morfološke vzorce in družbenoekonomske dinamike, ki so značilne za širjenje mest med izmenjujočimi se cikli gospodarske rasti in recesije.
This book will appeal to scholars and policymakers who deal with and/or are conducting research on the factors of economic growth. At present, there is no unified growth model that is feasible for ...every investigation. As such, this volume offers key insights into the factors that are most relevant in explaining growth variation at country, regional and metropolitan levels. In order to acquaint the reader with the concepts related to the subject, two theoretical chapters detail the schools of thought and the models that were formulated in the past. Three empirical chapters then present an up-to-date and a multi-level investigation, using the most comprehensive models, for the European Union. The results of this book are policy-oriented and will serve to help close the gaps between EU countries and regions.
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