Abstract
The aim of this article is to explain the overall shape of the waste stream of durable goods in the US economy. For this purpose we construct an agent-based model of economic growth and waste generation and compare this latter variable to the amount of waste of durables generated in the USA between 1960 and 2008. The model highlights a particularly vicious circle in which waste generation becomes a positive factor of economic growth.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
References
William J. Baumol. Macroeconomics of unbalanced growth: the anatomy of urban crisis. The American Economic Review, 57:415426, 1967.
William J. Baumol, Sue Anne Batey Blackman, and Edward N.Wolf. Productivity and American leadership: the long view. The MIT PRess, 1994.
M. A. Cole, A. J. Rayner, and J. M. Bates. The environmental kuznets curve: an empirical analysis. Environment and Development Economics, 2:401416, 1997.
Jean Gadrey. L’´economie des services. La D´ecouverte, 1992.
Gene M. Grossman and Alan B. Krueger. Economic growth and the environment. The Quaterly Journal of Economics, 110:353377, 1995.
Donella H. Meadows, Dennis L. Meadows, Jorgen Randers, andWilliamW. Behrens. Rapport sur les limites la croissance. In Halte la croissance ? Fayard, 1972.
William D. Nordhaus. Managing the global commons. The economics of climate change. The MIT PRess, 1994.
Vance Packard. The waste makers. Penguin Books, 1960.
Theodore Panayotou. Demystifying the environmental kuznets curve: turning a black box into a policy tool. Environment and Development Economics, 2:465484, 1997.
Theodore Panayotou. Economic growth and the environment. Economic Survey of Europe, 2:4572, 2003.
Pier Paolo Saviotti and Andreas Pyka. Economic development by the creation of new sectors. Journal of evolutionary economics, 14:135, 2004.
Nemat Shafik and Sushenjit Bandyopadhyay. Economic growth and environmental quality. time series and cross-country evidence.World Bank Policy ResearchWorking Paper WPS904, june 1992.
Magnus Sjo¨stro¨m and Go¨ran O¨ stblom. Decoupling waste generation from economic growth - a cge analysis of the swedish case. Ecological Economics, 69:15451552, 2010.
James Gustave Speth. The Bridge at the Edge of the World. Yale University Press, 2008.
Nigel Whiteley. Toward a throw-away culture. Consumerism, ’style obsolescence’ and cultural theory in the 1950s and 1960s. Oxford Art Journal, 10:327, 1987.
Ulrich Witt. Learning to consume-a theory of wants and the growth of demand. Journal of Evolutionary Economics, 11:2336, 2001.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2011 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Desmarchelier, B., Djellal, F., Gallouj, F. (2011). Economic Growth by Waste Generation: the Dynamics of a Vicious Circle. In: Osinga, S., Hofstede, G., Verwaart, T. (eds) Emergent Results of Artificial Economics. Lecture Notes in Economics and Mathematical Systems, vol 652. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-21108-9_11
Download citation
DOI: https://doi.org/10.1007/978-3-642-21108-9_11
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-21107-2
Online ISBN: 978-3-642-21108-9
eBook Packages: Business and EconomicsEconomics and Finance (R0)