Over-exploitation of natural resources is followed by inevitable declines in economic growth and discount rate

The exploitation of ecosystems has long-lasting consequences for the future provision of natural resources and ecosystem services. Here the author showed that the transition to sustainable harvest after a period of over-harvesting leads to a decline in welfare, economic growth, and in the discount r...

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Autor principal: Adam Lampert
Formato: article
Lenguaje:EN
Publicado: Nature Portfolio 2019
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Acceso en línea:https://doaj.org/article/2cdb3d408696474ea5cabf928dfb3962
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Sumario:The exploitation of ecosystems has long-lasting consequences for the future provision of natural resources and ecosystem services. Here the author showed that the transition to sustainable harvest after a period of over-harvesting leads to a decline in welfare, economic growth, and in the discount rate.