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Two of the challenges of thinking sustainability are how to deal with potentially conicting issues and how to ensure intergenerational equity. In practice, policymakers define sustainability objectives by setting thresholds that act as constraints on indicators. When defining a specific...
Persistent link: https://www.econbiz.de/10005635082
An extensive literature shows the importance of investment policy for sustainability of resource-based economies. The approaches of these studies are mostly based on theoretical results that examine the role of investments in a competitive optimizing economy. This paper extends some of these...
Persistent link: https://www.econbiz.de/10009220101
special case of Solow’s model with one capital good and one exhaustible resource. Hence, the criticism by Cairns and Yang [1 …
Persistent link: https://www.econbiz.de/10010284401
In this study Data Envelopment Analysis (DEA) is used not only to develop an efficiency index which combines economic activity, CO2 emissions and energy consumption of the production process in the 31 countries of Europe for the year 2004, but also to make estimates about the margins of long...
Persistent link: https://www.econbiz.de/10009009433
between Net Capital Formation and Environmentally-adjusted Net Capital formation is small at the bottom of the Commodity Super …
Persistent link: https://www.econbiz.de/10011778863
Persistent link: https://www.econbiz.de/10011547258
perspective that focuses on capital accumulation with investment irreversibility. We show that if 1) direct irreversibility of … investment does not rule out the indirect channel of converting dirty capital goods into clean ones through final goods … allocations, and 2) interactions between dirty and clean capital as imperfect substitutes can generate reciprocal effects, then …
Persistent link: https://www.econbiz.de/10012895270
perspective that focuses on capital accumulation with investment irreversibility. We show that if 1) direct irreversibility of … investment does not rule out the indirect channel of converting dirty capital goods into clean ones through final goods … allocations, and 2) interactions between dirty and clean capital as imperfect substitutes can generate reciprocal effects, then …
Persistent link: https://www.econbiz.de/10011925670
Persistent link: https://www.econbiz.de/10011785277
Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects -so-called rebound effects- compensate or even overcompensate potential savings, will they fire back? The answer to this...
Persistent link: https://www.econbiz.de/10010291087