The Economics of Sustainable Development

Cover......Page 1
Frontmatter......Page 2
Contents......Page 10
List of figures......Page 14
List of tables......Page 16
Preface......Page 18
Acknowledgements......Page 19
List of conference participants......Page 20
1 Is growth sustainable?......Page 22
2 The economy-wide dimension: from mess to macro......Page 23
3 The effects of growth......Page 25
4 Definition and measurement......Page 27
5 Domestic policies for sustainable growth......Page 30
6 International policies for sustainable growth......Page 32
7 Conclusions......Page 34
PART ONE - GROWTH AND THE ENVIRONMENT......Page 38
2 - Pollution and growth: what do we know?......Page 40
1 Data and estimation......Page 44
2 Air quality......Page 48
3 Water quality......Page 56
4 Conclusions and policy implications......Page 62
2 The model......Page 68
1 Introduction......Page 72
2 Demographic and ecologic transitions......Page 74
3 Where the world is today......Page 84
4 A simple-minded extrapolation: constant income growth......Page 92
5 Sustainability and policy implications......Page 94
6 Summary, conclusions and future research......Page 97
Discussion......Page 99
PART TWO - SUSTAINABILITY......Page 102
1 Some definitions......Page 104
2 Environmental concerns and sustainability......Page 112
3 The role of government......Page 118
4 Conclusions: what sustains economic development?......Page 123
1 Scott versus the profession......Page 127
3 On sustainability......Page 129
1 Introduction......Page 132
2 What are environmental resources?......Page 133
3 Social objectives: 1 -- sustainable development......Page 136
4 Social objectives: 2 -- optimal development, discount rates and sustainability......Page 138
5 Second-best optima, global wanning, and risk......Page 142
6 Project evaluation and the measurement of net national product......Page 144
7 The Hamiltonian and net national product......Page 147
8 Biases in technological adaptation......Page 148
9 Environmental accounting prices: the valuation problem......Page 149
Appendix: NNP in a dynamic economy......Page 151
Discussion......Page 164
1 Introduction......Page 168
2 A model of growth with environment......Page 172
3 The discounted utilitarian solution......Page 176
4 The Green Golden Rule......Page 179
5 Optimal sustainable paths......Page 180
6 An example of a sustainable optimal path......Page 181
7 Conclusions......Page 183
Discussion......Page 187
PART THREE - DOMESTIC POLICY......Page 194
1 Introduction......Page 196
2 Practical issues in Moroccan water allocation......Page 197
3 Methodological issues......Page 200
4 The Moroccan CGE model......Page 203
5 Simulation results......Page 208
6 Conclusions......Page 212
Appendix: results of sensitivity analysis......Page 213
Discussion......Page 218
8 - Energy pricing for sustainable development in China......Page 221
1 Optimal abatement......Page 223
2 Marginal benefits of abatement......Page 225
3 Marginal abatement costs......Page 227
4 The simulations......Page 230
5 Conclusions......Page 240
Appendix 1: definitions......Page 241
Appendix 2: base prices......Page 242
Appendix 3: flow matrix, China, 1985......Page 243
Appendix 4: commodity demands and parameters......Page 244
Appendix 5: the model......Page 245
Discussion......Page 251
PART FOUR - INTERNATIONAL POLICY COORDINATION......Page 258
1 Introduction......Page 260
2 Brief overview of GREEN......Page 261
3 The role of the AEEI parameter in the BaU scenario......Page 266
4 Energy productivity and catch-up......Page 269
5 Two scenarios of international recycling of carbon tax revenues......Page 271
6 Conclusions......Page 280
Appendix: energy efficiency, emissions and real income in GREEN......Page 281
1 Introduction......Page 285
2 Stable environmental coalitions......Page 287
3 Expanding coalitions through transfers and commitment......Page 290
4 Linking environmental negotiations......Page 295
5 Conclusions......Page 301
2 Key features of the CS model......Page 304
3 Externalities in abatement......Page 305
4 Charging for emissions......Page 307
5 Conclusions......Page 309
1 Introduction......Page 310
2 The basic model......Page 311
3 Environmental competition: the Nash equilibrium......Page 313
4 International coordination of environmental regulation......Page 318
5 Summary and conclusions......Page 321
Discussion......Page 323
Index......Page 328