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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

2007

SelectedWorks

Resilience

Economics

Articles 1 - 3 of 3

Full-Text Articles in Social and Behavioral Sciences

Resilience In Ecology And Belief, Ram Ranjan Aug 2007

Resilience In Ecology And Belief, Ram Ranjan

Ram Ranjan

TThis paper explores the crucial linkage between societal risk perception and the survival of threatened ecosystems exhibiting non-linear stock dynamics. Perception of risk over specie’s importance and over its survival chances may be subject to resilience and therefore may differ from actual risks. Whereas, ecosystems stand a better chance of survival if they aren’t stressed beyond their resilience thresholds. When an ecosystem’s sustainability and the subjective perception of risks of their loss are both influenced by the stock of a common natural resource, several resource management outcomes are possible, not all of which may ensure the sustainability of the ecosystem. …


Achieving Economic And Ecological Resilience Through Natural Resource Management, Ram Ranjan Jul 2007

Achieving Economic And Ecological Resilience Through Natural Resource Management, Ram Ranjan

Ram Ranjan

Historically, the subsistence based lifestyles of small scale economies (SSEs) have avoided pushing the stock of their natural resources beyond thresholds where their resilience could be lost. However, rising frequencies of natural disasters coupled with a growing outside influence from the developed economies are increasingly putting pressure on the economic and natural resources of these societies. This paper explores the nature and role of inter-linkages between ecological and economic resilience in SSEs towards maintaining long term sustainability in the face of these external influences. It is shown that initial conditions associated with the stock of natural and physical capital could …


The Environmental Kuznets Curve When The Environment Exhibits Hysteresis , Ram Ranjan, James Shortle Apr 2007

The Environmental Kuznets Curve When The Environment Exhibits Hysteresis , Ram Ranjan, James Shortle

Ram Ranjan

The relevance and implications of the environmental Kuznets hypothesis are examined in the presence of stock effects and non-linearities associated with pollution generation. Stock effects lead to hysteresis and irreversibilities in environmental quality that are overlooked when emphasis is placed on the flow effects of pollutants only. It is demonstrated here that an optimal growth plan in the presence of stock effects shifts the focus away from prescribing economic growth as a panacea for environmental ills. Implications for currently industrializing economies are discussed.