The quality of life in the dynamics of economic development

2002 ◽  
Vol 7 (1) ◽  
pp. 23-45 ◽  
Author(s):  
Kerry Krutilla ◽  
Rafael Reuveny
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Sustainable Development ◽  
Growth Model ◽  
Environmental Economics ◽  
Technical Progress ◽  
Comparative Statics ◽  
Endogenous Growth Theory ◽  
Economic Growth Model

The neoclassical economic growth model and its extensions in the fields of environmental economics and endogenous growth theory typically represent welfare as a single argument function of consumption when the models are analytically solved. This simplified welfare specification is narrower than those described in the quality-of-life literature and emphasized by proponents of sustainable development. The purpose of this paper is to analytically solve for the properties of a growth model based on a broader quality-of-life measure. The welfare measure includes two arguments, consumption and the stock of nature capital. This formulation enables an analysis of the consequences of the dynamic tension between conventionally defined economic growth and nature capital preservation. We find that a static model without technical progress yields diverse steady states, stability properties, and comparative statics, while a model with exogenous technical progress exhibits unusual comparative dynamics and balanced growth paths. These unusual outcomes have a number of policy-relevant implications for sustainable development.

scholarly journals Sustainable development and quality of life

2019 ◽  
Vol 22 (4) ◽  
pp. 38-41
Author(s):  
Beata Zakrzewska
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Sustainable Development ◽  
Environmental Aspect ◽  
The Social ◽  
The World

The article’s aim is to analyze the quality of people’s lives in the context of sustainable development conception in the social, economical and environmental aspect and to draw attention to the inequality of goods’ consumption in the world. This article is an interpretation of the interdependence between economic growth, care for the environment and the quality of people’s lives.

Sustainable Development in Smart Cities and Smart Villages

2022 ◽  
pp. 83-104
Author(s):  
Kavita Srivastava
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Health Economic ◽  
Sustainable Development ◽  
Smart Cities ◽  
Essential Elements ◽  
Digital Transformation ◽  
Village People ◽  
The Village

A smart city makes use of ICT in order to manage its resources efficiently and therefore provide a lot of new kinds of services that help in improving the quality of life of its citizens. A smart village employs both technological and non-technological solutions to fulfil the basic needs of the village people like education, health, economic growth, and food security. In India, many initiatives for the development of smart cities and smart villages have been started in recent years. While some of these initiatives are implemented successfully, others are taking their pace. This chapter describes the essential elements of smart cities and smart villages. Both technological and non-technological solutions are required for the development of Indian smart cities and villages. The chapter also highlights the issues and challenges that need to be overcome for sustainable development and digital transformation of cities and villages.

scholarly journals The Theoretical Foundations of Management in Terms of the Implementation of the Process of Globalization and Sustainable Development in the Real Sphere

2020 ◽  
Vol 15 (1) ◽  
pp. 65-69
Author(s):  
Franciszek Piontek ◽  
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Decision Making ◽  
Sustainable Development ◽  
Technological Progress ◽  
Necessary Conditions ◽  
Sufficient Condition ◽  
Effectiveness And Efficiency ◽  
Theoretical Foundations

The implementation of a process of globalization and sustainable development based on management requires integration. It can be ensured by the rules of universal operation: on the side of the process of globalization, it is necessary to recognize economic growth as a component of development and recognize the primacy of development over growth, verifying the functions of the rules of universal operation, and limiting the paradigms of deregulation (YES = NO= CAN BE); the primacy of federal integration over structural one; the application of management in accordance with the nature of the sphere covered by management and open to the exemplification of the functions and rules of universal operation; on the side of sustainable development: the use of the process of globalization solutions in the field of technological progress, institutional procedures, which contribute to improving the quality, effectiveness and efficiency (quality of life). In addition to necessary conditions, decision-making will be necessary, which is a sufficient condition.

Energy Environment and Economic Sustainable Growth

2011 ◽  
Vol 474-476 ◽  
pp. 2049-2053
Author(s):  
Li Feng Zhang ◽  
Qun Liu
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Growth Model ◽  
Difficult Problem ◽  
Sustainable Growth ◽  
Growth Path ◽  
Endogenous Economic Growth ◽  
Economic Growth Model ◽  
The World ◽  
Energy Environment

The question of energy and enviorment is a hot question in the world, it is a hot and difficult problem in China also.To issue the sustainable growth of economy is the problem that all countries in the world care about including our country. So, this text sets up endogenous economic growth model by restricted energy and enviorament and discusses the condion of the economy sustainable development, and obtains the balanced economic growth path and some policy meanings.

scholarly journals Driving Municipal Recycling by Connecting Digital Value Endpoints in Smart Cities

2020 ◽  
Vol 12 (16) ◽  
pp. 6433 ◽  
Author(s):  
Ferran Herraiz-Faixó ◽  
Francisco-Javier Arroyo-Cañada
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Decision Making ◽  
Smart Cities ◽  
Social Economy ◽  
Decisive Role ◽  
Economy Model ◽  
Economic Growth Model ◽  
Global Economic Growth

Uncontrolled global economic growth at any cost is having palpable and general consequences for SC (smart cities) environments and sustainability worldwide. The current economic growth model is, according to experts, decidedly unsustainable, and if urgent measures are not taken, the quality of life for future citizens will decline. In the search for solutions that would make cities sustainable, the deployment of the ICT factor is playing a decisive role. However, in its role as a driver, the ICT factor needs to increase the numbers of value endpoint connectors by incorporating citizens, corporations and institutions into city decision-making, thereby becoming a real integrative tool that achieves sustainability and is more than merely a tech flag. In this sense, the present paper proposes that the digital and programmable economy as an ecosystem should become a sustainability city driver because it facilitates the integration of different value endpoints in order to work in the same purpose, allowing, for example, increased sustainability levels in cities such as improving municipal recycling. This paper will apply ICT and digital concepts, the environment-social-economy model and fuzzy logic methodology.

scholarly journals IMPERATIVES OF THE SOCIO-ECONOMIC DEVELOPMENT OF UKRAINE IN THE CONTEXT OF THE POST-INDUSTRIAL SOCIETY FORMATION

2020 ◽  
Vol 1 (4) ◽  
pp. 29-36
Author(s):  
Mykhaylo Voynarenko ◽  
Alexey Svistunov
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Growth Model ◽  
Industrial Society ◽  
Short Term ◽  
Economic Growth Model ◽  
Theoretical Approaches ◽  
Socio Economic Development ◽  
Transformation Processes

The peculiarities of Ukraine’s socio-economic development are investigated and their problematic aspects are highlighted in the article, along with their systemic analysis. The need for state regulation to increase the transformation processes in the economy under crisis conditions is justified. The objective of the study is the further development of theoretical approaches, systematisation of the analysis results and definition of the main measures to improve the efficiency of the socio-economic processes management in Ukraine to ensure implementation of the economic growth model in the short term. The subject of the study is the state of socio-economic development of Ukraine. The object of study are the transformation processes taking place in the country’s economy. The study uses methods of logical generalisation, graphical, analysis, evaluation. The originality of the article lies in the approach of the authors to the definition and justification of ways to solve complex socio-economic problems of Ukraine. The new trends in management efficiency improvement of socio-economic processes in Ukraine, which are to ensure implementation of the economic growth model in the short term, are developed. The role of economic development in the investment attractiveness of the economy is justified. IT has been identified as an important activity for increasing the country’s income. It has been shown that structural restructuring of an enterprise, its transformation on the basis of technological renewal in connection with realisation of the potential of informatisation and technological innovations, implies a number of structural changes in the direction of innovative development. It is confirmed that intensification of processes of informatisation, digitisation will allow to unite business, capital, industrial, scientific and trading infrastructure in the direction of achievement of world standards of development. Ways to solve the outlined problems will accelerate the socio-economic development of Ukraine, ensure sustainable development of the country’s industry in the globalised economic space. At the same time, the development of cluster systems, which allow to combine science, business and government to solve the problems of sustainable development of regions, countries and their associations, is of great importance. The study also emphasises the high potential of Ukraine in the development of information systems, their active introduction in various industries of the country.

Growth vs. development: wealth as better life quality towards an ecology of value

2002 ◽  
Vol 21 (1) ◽  
pp. 63-80
Author(s):  
Luciano Pilotti ◽  
Marina Rinaldin
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Standard Theory ◽  
Open Approach ◽  
Economic Dynamic ◽  
Economic Progress ◽  
Over Time

The purpose of this article is to examine the consequences of using the environmental variable (in its manifold appearances) to describe the dynamics of economic systems. The focus is on the ability of economic growth to guarantee sustainable use of environmental resources. A dynamic optimization technique is used as the standard theory of optimal control. Everybody knows that economists have used, and often still use, the terms economic growth and economic development in the same way. The analysis of the models proposed here is based, firstly, on the following distinction as a basic convention between two concepts: economic growth and economic development. This convention gives us a better view of the different weight that the environment takes on with respect to the economic dynamic and how this in turn influences the architecture of models. Both hypotheses and the results depend on the specific perspective from which authors have analyzed the problem. In a first case the focus is on a concept of economic progress in which collective wellbeing is directly linked to increases in income, that is to the quantity of goods (for consumption and investment) available to agents (consumers and enterprises) following growth in productivity: a case of sustainable economic growth, it means the possibility that wealth (and hence consumption) is able to increase steadily over time. Sustainable development, on the other hand, means the whole range of structural, economic, social and institutional changes accompanying growth. A case of economic progress it could be seen as a synonymous for a better quality of life, that is not only as growth in GNP: it does involve growth in income, but what is more important are often non-economic variables like the environment governance which generate services and functions contributing directly and indirectly to individual and collective wellbeing, as well as supplying the factors necessary to support productivity. In this way sustainability becomes synonymous of an economic process which does not change the basic functions of ecosystems. Sustainable development means an increase over time of a better quality of life. The environment, in all aspects, must (and can) ‘support’ this notion of the economic system, enabling it to live and grow. The conventional distinction between growth and development leads to different approaches of which we analyse some details. To conclude, the debate on sustainability allows one to compare different ethical principles. Eco-economists claim that the emphasis must be placed on the system's needs, rather than individual ones. This implies an ethical judgment on the role and rights of individuals living today as regards survival of the system and future generations' welfare. Moreover, given that individual behaviour is driven by egoistic motivations, supporters of sustainability examine how such behaviour can be modified and how such modifications can be achieved. Generally speaking quality and wealth should not trade off but an ‘open approach’ is required also adopting self-sustainability cathegory.

Sign in / Sign up

Export Citation Format

Share Document