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Land conservation, growth and welfare

Author

Listed:
  • Tai, Meng-Yi
  • Chao, C.C.
  • Lu, Lee-Jung
  • Hu, Shih-Wen
  • Wang, Vey
Abstract
This paper identifies the factors, such as leaving land fallow and conservation inputs, for conserving and enhancing soil fertility of land. The growth and welfare effects of these land policies are then examined. Leaving land fallow and conservation inputs raise the equilibrium soil fertility. In the short run, the polices can render unfavorable impacts to the economy, such as decreases in the land supply by the fallow plan, or reductions in public services and falls in private capital formation. Nonetheless, both policies have ambiguous impacts on growth and welfare of the economy in the long run. Furthermore, due to the favorable impact on initial consumption, the welfare-maximizing tax rate or transfer ratio is larger than the one for growth maximization. However, for the land fallow ratio, both rates are the same.

Suggested Citation

  • Tai, Meng-Yi & Chao, C.C. & Lu, Lee-Jung & Hu, Shih-Wen & Wang, Vey, 2016. "Land conservation, growth and welfare," The North American Journal of Economics and Finance, Elsevier, vol. 38(C), pages 102-110.
    • Handle: RePEc:eee:ecofin:v:38:y:2016:i:c:p:102-110
    DOI: 10.1016/j.najef.2016.08.004
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    References listed on IDEAS

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    Cited by:

    1. Lai, Chung-Hui & Hu, Shih-Wen & Wang, Vey & Chao, Chi-Chur, 2017. "Agricultural R&D, policies, (in)determinacy, and growth," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 328-341.
    2. Batabyal, Amitrajeet & Beladi, Hamid, 2018. "Probabilistic Approaches to Cleaning the Ganges in Varanasi to Attract Tourists," MPRA Paper 86649, University Library of Munich, Germany, revised 11 Apr 2018.

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    Keywords

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    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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