Abstract
It is possible to think, as a first approximation, of “the environment” as composed of natural resources used in production processes, and of environmental assets representing objects of direct utility. This subdivision is useful for the purpose of an aggregate theoretical modelling exercise, even though there are many exceptions, as some assets are both esthetically pleasing and directly productive. In practice each category contains a number of important components, for example fossil fuels and minerals for natural resources, and various indicators of quality of environmental media for environmental resources.
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Beltratti, A. (1996). Growth Models. In: Models of Economic Growth with Environmental Assets. Fondazione Eni Enrico Mattei (FEEM) Series on Economics, Energy and Environment, vol 8. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-2302-2_2
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DOI: https://doi.org/10.1007/978-94-017-2302-2_2
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