Empirical studies over the past two decades have shown a widening gap between trend lines for the
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Empirical studies over the past two decades have shown a widening gap between trend lines for the index of GDP per capita and the ISEW for many advanced countries. This seems to validate the claim made by the so-called threshold hypothesis. That is, economic growth as conventionally measured would lead to a decline in quality of life.
(a) Provide a measured comment.
(b) How do you reconcile the threshold hypothesis with the environmental Kuznets curve (ECK) hypothesis ?
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Related Book For
Principles Of Environmental Economics And Sustainability
ISBN: 9780415676915
3rd Edition
Authors: Ahmed Hussen
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