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SUSTAINABILITY, CONSUMPTION, AND TECHNOLOGY

Copernican Journal of Finance & Accounting

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Title SUSTAINABILITY, CONSUMPTION, AND TECHNOLOGY
 
Creator Akan, Mustafa; Faculty of Economics and Administrative Sciences, Dogus University, Acibadem, Kadikoy, 34722 Istanbul
 
Subject sustainability; technology; consumption; optimal control theory; economic development; natural resources
O1; O2; O3
 
Description Sustainability of current economic system is analyzed in the face of growing population, accelerating exploitation of limited natural resources, and advances in technology. A Cobb-Douglas type of production function is assumed. Optimal control theory is employed to model the problem. It is proved that long term sustainability is possible, with or without population growth, only under certain conditions related to production and utility functions of the society.
 
Publisher Uniwersytet MikoĊ‚aja Kopernika w Toruniu
 
Contributor
 
Date 2017-03-09
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion



 
Format application/pdf
 
Identifier http://apcz.pl/czasopisma/index.php/CJFA/article/view/CJFA.2016.012
10.12775/CJFA.2016.012
 
Source Copernican Journal of Finance & Accounting; Vol 5, No 2 (2016); 9-25
Copernican Journal of Finance & Accounting; Vol 5, No 2 (2016); 9-25
2300-3065
2300-1240
 
Language eng
 
Relation http://apcz.pl/czasopisma/index.php/CJFA/article/view/CJFA.2016.012/11416
 
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Rights Copyright (c) 2017 Copernican Journal of Finance & Accounting