Models of Sustainable Development
Sylvie Faucheux, David Pearce, John L. R. Proops
Edward Elgar, Jan 1, 1996 - Business & Economics - 365 pages
Models of sustainable development are increasingly used to address large scale environmental problems ensuring that responses to present day needs do not compromise the prospects of future generations.
In this new book a wide range of approaches to modelling sustainable development are examined, including neo-classical, evolutionary, ecological economics and neo-Ricardian models. Recognizing that the application of sustainable development requires the reorientation of economic analysis on several fundamental points, a distinguished group of authors re-examines such key issues as intra- and intergenerational equity, the treatment of the very long-term, the irreversibility of ecological change, fundamental uncertainty and system complexity, and processes of technological change. The achievements and limitations of different models of sustainable development are explored, with particular reference to their value in support of decision-making.
Researchers and graduate students in environmental economics will welcome this volume's rigorous approach to environmental sustainability as well as its consideration of a wide range of different modelling approaches and, in particular, the assumptions which sustain them.
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A Renewable Natural Resource Reproduction Competitive
Intergenerational Equity Fiscal Policy and Environmental
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allocation analysis approach assumptions behaviour Cambridge CGE models characterised circuit clean technologies climate change concept constraint consumer consumption Costanza costs DeBellevue defined depends dynamics Ecological Economics economic development economic growth economic model economic system Economic Theory ecosystem effects emissions endogenous growth endogenous growth theories energy technologies environment Environmental Economics equation equilibrium evolutionary exhaustible resources existence exogenous factors fallow firms flow framework future greenhouse greenhouse gas growth models growth rate impact income increase innovation inputs interactions intergenerational equity intertemporal labour land-use learning-by-doing Liapunov function matrix natural capital natural environment natural resource neo-Ricardian neoclassical optimal organisational output overlapping generations model parameter path Pearce period pollution possible problem produced capital production function production processes regime resilience resource rent scenario sector simulation social Solow spatial stability steady-state strategy structure substitution sustainable development technical change technical progress technique technological change University Press variables