Towards an Inclusive Model of Sustainable Growth
Catarina Roseta‐Palma, Alexandra Ferreira‐Lopes, Tiago Neves Sequeira
Abstract
Open-access reader
Catarina Roseta‐Palma, Alexandra Ferreira‐Lopes, Tiago Neves Sequeira
Abstract
Open-access reader
Models of economic growth are typically based on the use of one or more stocks of productive assets to create goods for utility-generating consumption. The roles played by man-made capital, natural capital and human capital have been explored, often separately, in the literature, and more recently the notion of social capital has been brought to the fore. This paper provides an attempt to construct an inclusive model of growth that considers the different available assets, analysing sustainable consumption possibilities.
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Models of economic growth are typically based on the use of one or more stocks of productive assets to create goods for utility-generating consumption. The roles played by man-made capital, natural capital and human capital have been explored, often separately, in the literature, and more recently the notion of social capital has been brought to the fore. This paper provides an attempt to construct an inclusive model of growth that considers the different available assets, analysing sustainable consumption possibilities.
Key concepts: Natural capital, Construct (python library), Consumption (sociology), Economics, Growth model, Capital (architecture), Inclusive growth, Human capital