Die globalen Gemeinschaftsgüter wie der internationale Luftraum und die Hohe See werden zunehmend übernutzt, weil die Nutzer nicht die vollen Kosten ihres Handelns tragen müssen. Die CO2-Emissionen des internationalen Flugverkehrs und des Schiffsverkehrs fallen nicht unter die quantitativen...

This paper analyses the consequences of tightening environmental policy for economic growth. To find out how the new balanced growth path is reached in the long run, we simulate numerically for the short and medium term the transition path of a change in environmental policy within an endogenous...

Global scientific assessments increasingly reach the conclusion that transformative change of global production and consumption systems is necessary to safeguard and maintain global commons, such as biodiversity, natural forests and the ocean, and to stabilise climate at the global scale....

Production often causes pollution as a by-product. Once pollution problems become too severe, regulation is introduced by political authorities which forces the economy to make a transition to cleaner production processes. We model this transition as a change in "general purpose technology"...

This paper presents a macroeconomic approach to sustainable growth. After clarifying the concept of sustainability, the interdependence between natural resources and accumulated capital stocks such as physical, human, and knowledge capital is discussed. The conditions for the substitution...