Standard economic theory regards capital and labour as the main factors of production that satisfy the “cost-share theorem”. This paper argues that when a third factor, namely energy, is added physical constraints on substitution among the factors arise. We show that energy is a much more...

This article examines the potential effects of peak oil on Spanish tourism and indirectly on the rest of the economy. We construct several scenarios of price increases in oil, related fossil fuels and their inflationary effects. These scenarios provide the context for an input–output (I/O)...

This timely and important Handbook takes stock of progress made in our understanding of what sustainable development actually is and how it can be achieved. Twenty years on from the publication of the seminal Brundtland Report, it has become clear that formidable challenges confront policy...

This timely book deals with the problem of pricing passenger and freight transportation within Europe. The contributors argue that current legislation affecting pricing and regulation is increasingly less successful in dealing with market failures and externalities such as congestion, air...

This timely book deals with the problem of pricing passenger and freight transportation within Europe. The contributors argue that current legislation affecting pricing and regulation is increasingly less successful in dealing with market failures and externalities such as congestion, air...

This book takes up the challenge of developing an empirically based foundation for evolutionary economics built upon complex system theory. The authors argue that modern evolutionary economics is at a crossroads. At a theoretical level, modern evolutionary economics is moving away from the...

The relationship between trade and material flows is examined by viewing the global economy from the perspective of international material-product chains (MPC). The international MPC covers the complete lifecycle of a material or a product in two or more regions, including extraction,...

Regional economic activities require materials that can be extracted domestically or imported from other regions. Analysis of optimal patterns of combined economic development and materials use should be discussed in relation to trade and the environment. A model is presented that optimises...

The application of aggregate indicators in environmental-economic research has received little attention so far. An important reason is the incompleteness of environmental data. This article presents a systematic approach to construct indicators of environment and economy on a macro level. It...

This paper gives a concise overview of environmental-economic analysis. Important issues and modern developments in the field are surveyed in a systematic way. Next, the concept of sustainable development is discussed, as it has dominated environmental economics for almost a decade now. In...