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in an a-spatial context. Traditional neoclassical growth theory following Solow/Swan has mainly addressed questions about …-term sustainability, and take account of the positive technological and negative environmental dynamic externalities. …
Persistent link: https://www.econbiz.de/10010324577
Recent advances in evolutionary theory have important implications for environmental economics. A short overview is … examination of potential uses ofevolutionary theories in specific areas of environmental economics,including sustainability and …
Persistent link: https://www.econbiz.de/10010324649
We propose a multivariate combination approach to prediction based on a distributional state space representation of the weights belonging to a set of Bayesian predictive densities which have been obtained from alternative models. Several specifications of multivariate time-varying weights are...
Persistent link: https://www.econbiz.de/10013113399
theory. A prototypical application reveals the importance of this method in improving the specification of functional … nonlinearities that are consistent with economic theory. The solution-driven specification is also shown to have the potential to …
Persistent link: https://www.econbiz.de/10013082985
Weak empirical evidence near and at the boundary of the parameter region is a predominant feature in econometric models. Examples are macroeconometric models with weak information on the number of stable relations, microeconometric models measuring connectivity between variables with weak...
Persistent link: https://www.econbiz.de/10012953258
This paper assesses the performance of a number of long-term interest rate forecast approaches, namely time series models, structural economic models, expert forecasts and combinations thereof. The predictive performance of these approaches is compared using out of sample forecast errors, where...
Persistent link: https://www.econbiz.de/10014213445
compares three aggregate indicators of sustainability: the World Bank’s ‘Genuine Savings’ measure, the ‘Ecological Footprint …’ and the ‘Environmental Sustainability Index’. It is concluded that rankings of sustainable nations vary significantly …
Persistent link: https://www.econbiz.de/10010325664
This paper gives a concise overview of environmental-economicanalysis. Important issues and modern developments in the field aresurveyed in a systematic way. Next, the concept of sustainabledevelopment is discussed, as it has dominated environmental economicsfor almost a decade now. In addition,...
Persistent link: https://www.econbiz.de/10010324402
, formulated in terms of maximization of utility ingeneral, or profits in particular. The standard theory of environmental policy … behavioural assumptions have been most significant for the development ofeconomic valuation theory and environmental policy theory …. The focus here will be onenvironmental policy theory. …
Persistent link: https://www.econbiz.de/10010324455
Wetlands all over the world have been lost or are threatened in spite of various international agreements and national policies. This is caused by: (1) the public nature of many wetlands products and services; (2) user externalities imposed on other stakeholders; and (3) policy intervention...
Persistent link: https://www.econbiz.de/10010324589