Growth theory and 'green growth'
利用经济理论分析绿色增长概念，探讨环境政策与收入增长的平衡，发现环境政策对增长的正面溢出效应并非必然，最优增长路径的绿色程度取决于初始条件，并强调针对资源枯竭的技术变革对长期增长至关重要。
The relatively new and still amorphous concept of 'green growth' can be understood as a call for balancing longer-term investments in sustaining environmental wealth with nearer-term income growth to reduce poverty. We draw on a large body of economic theory available for providing insights on such balancing of income growth and environmental sustainability. We show that there is no a priori assurance of substantial positive spillovers from environmental policies to income growth, or for a monotonic transition to a 'green steady state' along an optimal path. The greenness of an optimal growth path can depend heavily on initial conditions, with a variety of different adjustments occurring concurrently along an optimal path. Factor-augmenting technical-change targeting at offsetting resource depletion is critical to sustaining long-term growth within natural limits on the availability of natural resources and environmental services.