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It is expected that binding biophysical constraints have the potential to slow growth and impede the improvement of other key macroeconomic variables. Using a DYNK (Dynamic New Keynesian) model of the EU27, we study two different environmental policy options and evaluate their impact on...
Persistent link: https://www.econbiz.de/10011096972
Area 5 focuses on the regional and local dimensions of the new European path to socio-ecological transition. Its central assumption is that any strategy developed to enhance a socio-ecological transition is unlikely to yield strong results unless the resources of regional and local actors are...
Persistent link: https://www.econbiz.de/10010928068
Questioning GDP as dominant indicator for economic performance has become commonplace. For economists economic policy always aims for a broader array of goals (like income, employment, price stability, trade balance) alongside income, with income being the priority objective. The Stiglitz-Sen-...
Persistent link: https://www.econbiz.de/10010928071
Most economic models struggle to incorporate biophysical relationships between materials, energy and emissions, in order to appropriately deal with biophysical constraints of supply (and possibly also demand). After the incorporation of biophysical constraints, some functions produced surprising...
Persistent link: https://www.econbiz.de/10011185237
With reference to the use of material and energy resources, we seek to • underline the need for a marked socio-ecological transition. Business-as-usual will fail in the face of an unprecendented rise in global demand, a rising price level and volatility of raw materials and indications of...
Persistent link: https://www.econbiz.de/10011096973
This short paper considers all possible stakeholders in different stages of a sustainability transition and matches their behavioral features and diversity to policies. This will involve an assessment of potential or expected responses of stakeholders to a range of policy instruments. Following...
Persistent link: https://www.econbiz.de/10011163463
A major objective of this study is to analyse the evolutionary patterns of regional linkages and disparities across the EU space, especially those related to rural and peripheral/remote regions. In particular, this report assesses the economy-wide effects, in terms of GDP and employment,...
Persistent link: https://www.econbiz.de/10010929545
In this contribution we describe how green policies should be designed to activate private innovation forces for … private green innovation machine. We try to assess how strong which types of government interventions have and can be to power … the green innovation machine. An important insight from the economic analysis of the effectiveness of the public …
Persistent link: https://www.econbiz.de/10011099528
This milestone provides a broad overview of model development under Work Package 205 of the WWWforEurope project. It describes briefly the challenge of modelling combined economic, ecological and financial systems and sets out a series of objectives for modelling the socio-economic transition...
Persistent link: https://www.econbiz.de/10010839259
to integrate endogenous technological progress. Nevertheless, several complexities of innovation are still neglected even … modelling literature through a special lens. We discuss how existing models deal with different types of innovation (i ….e. product and process innovation) and how differences in innovation activities influence modelling results. We also emphasise …
Persistent link: https://www.econbiz.de/10010936487