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This timely and important Handbook takes stock of progress made in our understanding of what sustainable development actually is and how it can be measured and achieved.ΓΈ
The unprecedented advances in economic development witnessed over the past decades cannot continue if economic progress comes at the expense of the natural environment. The Sustainable Development Goals, agreed globally in 2015, define a vision of human development where economic, social and environmental domains interact to shape the prospects for future prosperity. This timely collection highlights the contribution of economics to the study of sustainable development. It brings together in one volume some of the most influential articles on the topic by economists over the past fifty years. Environmental sustainability, an inherently interdisciplinary topic, is analysed from the perspectives of applied microeconomics, environmental and resource economics, ecological economics, development economics and public economics. Together with an original introduction by the editors, this volume is indispensable for anyone interested or working in the field.
Demonstrates how various indicators can be developed and used by macroeconomists to determine whether or not economic development programs and policies are on a path of environmental sustainability. Among them are the physical indicators, resource and environmental accounting, savings and empirical measurement, ecological indicators, income distribution and social needs, and the assessment of structural adjustment policies. Concludes that the most crucial element is a greater awareness of the effects and possible effects economic development has on the environment and human well being. Annotation copyrighted by Book News, Inc., Portland, OR
In this accessible collection, leading academic economists, psychologists and philosophers apply behavioural economic findings to practical policy concerns.
This fourth edition of an enduring and popular book has been fully updated and revised, exploring the two opposing paradigms of sustainability in an insightful and accessible way. Eric Neumayer contends that central to the debate on sustainable development is the question of whether natural capital can be substituted by other forms of capital. Proponents of weak sustainability maintain that such substitutability is possible, whilst followers of strong sustainability regard natural capital as non-substitutable. The author examines the availability of natural resources for the production of consumption goods and the environmental consequences of economic growth. He identifies the critical form...
This book explores recent developments in environmental cost-benefit analysis (CBA). This is defined as the application of CBA to projects or policies that have the deliberate aim of environmental improvement or are actions that affect, in some way, the natural environment as an indirect consequence. It builds on the previous OECD book by David Pearce et al. (2006), which took as its starting point that a number of developments in CBA, taken together, altered the way in which many economists would argue CBA should be carried out and that this was particularly so in the context of policies and projects with significant environmental impacts. It is a primary objective of the current book not o...
Remote sensing and geographical information science (GIS) have advanced considerably in recent years. However, the potential of remote sensing and GIS within the environmental sciences is limited by uncertainty, especially in connection with the data sets and methods used. In many studies, the issue of uncertainty has been incompletely addressed. The situation has arisen in part from a lack of appreciation of uncertainty and the problems it can cause as well as of the techniques that may be used to accommodate it. This book provides general overviews on uncertainty in remote sensing and GIS that illustrate the range of uncertainties that may occur, in addition to describing the means of meas...
The theoretical arguments for environmental taxes and other types of economic instruments for environmental protection have been discussed extensively in the literature. Rather less well discussed has been the extremely complex form that such instruments have in fact taken in practice. Environmental Taxation Law: Policy, Contexts and Practice examines the legal implications of introducing environmental taxes and other economic instruments into the regulatory framework of UK law. In doing so, it analyzes and explains the difficulties of grafting environmental taxes onto the complexities of existing regulatory structures, not all of which, of course, were originally devised with environmental considerations in mind. Although the focus of the book is the UK's pioneering implementation of a web of distinct yet interrelated policy measures, it locates the UK's taxes and instruments not simply in their broader context of market and environmental regulation, but also in the contexts of European and international law.
One of the recurring themes in the sustainability literature has been the legitimacy of using an economic framework to account for natural resources. This paper examines the potential for substituting between different inputs in the generation of income, where the inputs include natural resources such as land and energy resources. A nested constant elasticity of substitution (CES) production function is used to allow flexibility in the estimated elasticities of substitution. Also, with this specification, natural resources and other inputs are combined in different levels of the function, thus allowing for different levels of substitutability. Institutional and economic indicators are also incorporated in the production function estimated. Results show that the elasticities derived from functions involving land resources were generally around one or greater, implying a fairly high degree of substitutability. Furthermore, changes in trade openness and private sector investment have a statistically significant and direct relationship with income generation. No statistically significant relationship between income and any of the institutional indicators was found.
This volume outlines a new approach for understanding China's treaty performance around international standards on trade and human rights, using the paradigms of selective adaptation and institutional capacity. Selective adaptation reveals how local interpretation and implementation of international treaty standards are affected by normative perspectives derived from perception, complementarity, and legitimacy. Institutional capacity explains how operational dimensions of legal performance are affected by structural and relational dynamics of institutional purpose, location, orientation, and cohesion. The author also offers policy suggestions for more effective engagement with China on trade and human rights issues.