Resources, Technology and Sustainability

Authors: Sasmal, Joydeb
Analyzes the adoption of modern technology in agriculture using the theory of decision making under risk and uncertainty
Explains sustainable growth in agriculture by constructing theoretical models of crop diversification, rainwater harvesting, and conservation of soil health
Addresses the contemporary issues of resource degradation, declining productivity in relation to the role of technology, and government policies concerning resource management

This book uses sound theoretical frameworks and econometric techniques to rigorously analyze and explain the conditions of sustainable growth in agriculture. It further investigates how management of natural resources and technological advances can enhance productivity and ensure sustainable growth in agriculture. Optimal control theory, dynamic optimization problems and theory of risk and uncertainty are extensively used to create theoretical models for analyzing agricultural growth. The results demonstrate that crop diversification, rainwater harvesting and the use of organic fertilizers can ensure growth in agriculture from a dynamic perspective. Further, they show how excessive depletion of ground water, intensive farming and overuse of chemicals in connection with the adoption of modern technology in agriculture have placed tremendous strains on natural resources like land and water, and have called into question the sustainability of growth in the farming sector.

Number of Illustrations and Tables
32 b/w illustrations
Topics
Agricultural Economics
Sustainable Development
Public Policy
Development Economics
Innovation/Technology Management
Operation Research/Decision Theory

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