The World Economy, Population Growth, and the Global Ecosystem A Unified Theoretical Model of Interdependent Dynamic Systems

About this book

This book provides a first-of-its-kind, three-country macroeconomic model that will provide researchers with a framework for analyzing the international economic and ecological effects of alternative public policies - monetary, fiscal, and environmental. Economists are becoming increasingly aware of the interdependencies between the world economy and global ecology.The purpose of this study is to better understand the essential interdependencies between the world economy and the global ecosystem, including human populations.

Contents

Introduction; The Global Ecosystem; The Government Sectors; The Household Sectors' Initial Choices; The Nonrenewable Resource Industry; The Capital Goods Industry; The Consumption Goods Industry; The Renewable Resource Industries; The Banking Sectors; Summary of Production, Employment, Wages, and Prices; Conventional and Green Measures of Income and Product; Nonbank Sectors Revisited; World's Financial Markets; Implications of the World's Cash Flow Constraints; End of Period Stocks; Alternative Central Bank Policies; Technical Change and Public Policies; Summary and Conclusions.

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Biography

HARLAND WM. WHITMORE, JR. is currently Professor of Economics at the University of Cincinnati, USA. He has published several books in open economy macroeconomics, including Aggregate Economic Choice (1986), World Economy Macroeconomics (1997) and Global Environmental Economics (1999). For the last several years, he has also consulted with the U.S. Environmental Protection Agency, working on the integration of the macroeconomy with an ecological system. One outcome of this effort was the publication of a report Integration of an Economy under Imperfect Competition with a Twelve-Cell Ecological Model (EPA/600/R-06/046, July 2006).