This paper examines the utility gains and losses induced by changes in capital taxation in an economy with heterogeneous discount factors. A Ramsey equilibrium, where households earn wage income and accumulate capital, but may not borrow against future wage income, provides a natural setting for this analysis. In the short run, the agents with little or no capital gain from increased transfers ...

In a model where enhanced economic activity (accumulation of produced capital) leads to environmental effects (depletion of natural capital), competitive steady states corresponding to different discount rates are compared. For positive discount rates, the steady state stock of produced capital may exceed the size maximizing sustainable consumption. This implies paradoxical consumption behavior...

Sustainability is defined in terms of four overlapping positions, ranging from very weak to very strong sustainability. The core idea is of a non-declining capital stock (including natural capital) over generational time. Weak sustainability positions emphasise capital substitution possibilities and the power of technical process to mitigate resource depletion and pollution problems. Climate ch...

The potential relationship between nature and Coronavirus disease 2019 (COVID-19) is provided using cross-sectional macro-data collected including 17 countries of major developed developing nations whose number cases were greater than 500 in March 15th 2020. We found that the correlation coefficient -0.46 fisheries stock average growth rate per capita from 1994 to 2014 COVID-19 It suggests dama...

• There currently exists several Natural Capital assessment frameworks. However, some frameworks are not fully operational in practice. Citizen science offers the potential to address existing methodological limitations. framework including citizen methods is outlined. could support holistic decision-making for nature-based solutions. which have been developed describe approach. of these practi...

In the European Union, Water Framework Directive provides a roadmap for achieving good water status and sustainable usage, framework information, types of analysis, interventions required by Member States. Lack previous knowledge in, understanding of, interdisciplinary approaches across countries has led to applications corrective measures that have yielded less than favourable results. The nat...