This paper investigates the effect of institutional quality on sustainable development.Institutional quality is assumed to determine the (perceived) risk in the face of which oil and mining firms determine their level of investment in physical and natural capital. Since these two types of...

This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability accounting. I consider five different assumptions that can be imposed independently of each other, producing 32 different combinations. This taxonomy is used to organize results...

Der Begriff der nachhaltigen Entwicklung hat in der umwelt- und ressourcenökonomischen Literatur einen beispiellosen Siegeszug erlebt. Zwei Aspekte sind besonders augenfällig: Erstens ist eine bemerkenswerte Heterogenität hinsicht¤lich der inhaltlichen Auslegungen dieses Begriffes zu...