Models of Sustainable DevelopmentSylvie Faucheux, David Pearce, John L. R. Proops 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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Contents
Sustainability versus | 21 |
A Renewable Natural Resource Reproduction Competitive | 37 |
Intergenerational Equity Fiscal Policy and Environmental | 58 |
Copyright | |
13 other sections not shown
Common terms and phrases
achieve activity allows analysis appears approach assume assumptions balance behaviour capacity capital circuit concept concerns considered constraint consumer consumption costs defined demand depends described determined distribution dynamics ecological economic economic system ecosystem effects elements emissions endogenous energy environment environmental equation equilibrium example existence fact factors final firms flow framework function future given growth human implies important income increase individual industry innovation inputs institutional integrated interactions interest labour land lead learning limits material means measure natural capital natural resource optimal organisational output parameter path period physical pollution positive possible present Press problem production question regime region relation renewable represented requires resilience respect sector social solution stability structure substitution sustainable development technical change technical progress technologies theory unit University variables