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Macroeconomics and the Environment
Sustainable development is a concept that is receiving increasing attention from world decision makers. This timely volume contains a selection of both the seminal papers and a cross-section of current thinking. It will be invaluable to researchers, students and practitioners interested in this important topic.
More Information
Critical Acclaim
Contributors
Contents
More Information
Sustainable development is a concept that is receiving increasing attention from world decision makers. This timely volume contains a selection of both the seminal papers and a cross-section of current thinking. It will be invaluable to researchers, students and practitioners interested in this important topic.
Part I presents early articles linking the macroeconomy with the environment. Part II contains general surveys of the relationship between economic growth and environmental degradation. Included in Part III are papers with mathematical models seeking to incorporate environmental variables into macroeconomic frameworks. Part IV focuses on the linkages between international trade and the environment. The final section examines progress on the greening of the system of national accounts – an important prerequisite for environmental-macroeconomic policy making.
Part I presents early articles linking the macroeconomy with the environment. Part II contains general surveys of the relationship between economic growth and environmental degradation. Included in Part III are papers with mathematical models seeking to incorporate environmental variables into macroeconomic frameworks. Part IV focuses on the linkages between international trade and the environment. The final section examines progress on the greening of the system of national accounts – an important prerequisite for environmental-macroeconomic policy making.
Critical Acclaim
‘Macroeconomics and the Environment provides a coherently structured and illuminating collection of papers that explore the relationship between environmental management and macroeconomic performance. There will be substantial interest in this collection.’
– Wallace E. Oates, University of Maryland, College Park and Resources for the Future, US
‘Mohan Munasinghe has assembled a definitive set of papers on environmental macroeconomics – an area of environmental economics often neglected in teaching and research. The collection deserves to be on all serious scholars’ shelves.’
– David Pearce, University College London, UK
– Wallace E. Oates, University of Maryland, College Park and Resources for the Future, US
‘Mohan Munasinghe has assembled a definitive set of papers on environmental macroeconomics – an area of environmental economics often neglected in teaching and research. The collection deserves to be on all serious scholars’ shelves.’
– David Pearce, University College London, UK
Contributors
29 articles, dating from 1970 to 2000
Contributors include: P. Bartelmus, H. Daly, J. Hartwick, D.W. Jorgensen, T. Koopmans, W. Leontieff, K.G. Mäler, J.B. Opschoor, T. Panayotou, R. Solow, J. Stiglitz
Contributors include: P. Bartelmus, H. Daly, J. Hartwick, D.W. Jorgensen, T. Koopmans, W. Leontieff, K.G. Mäler, J.B. Opschoor, T. Panayotou, R. Solow, J. Stiglitz
Contents
Contents:
Acknowledgements
Introduction Elements of Environmental Macroeconomics Mohan Munasinghe
PART I BASIC LINKAGES AND MACRO-ANALYTICAL FRAMEWORKS
1. Wassily Leontief (1970), ‘Environmental Repercussions and the Economic Structure: An Input–output Approach’
2. Tjalling C. Koopmans (1973), ‘Some Observations on ‘Optimal’ Economic Growth and Exhaustible Resources’
3. Joseph Stiglitz (1974), ‘Growth with Exhaustible Natural Resources: Efficient and Optimal Growth Paths’
4. Robert Solow (1993), ‘An Almost Practical Step Toward Sustainability’
5. Richard W. England (2000), ‘Natural Capital and the Theory of Economic Growth’
6. Herman E. Daly (1991), ‘Elements of Environmental Macroeconomics’
7. Messaye Girma (1992), ‘Macropolicy and the Environment: A Framework for Analysis’
8. Karl-Göran Mäler and Mohan Munasinghe (1996), ‘Macroeconomic Policies, Second-best Theory, and the Environment’
PART II GENERAL REVIEWS AND EMPIRICAL SURVEYS
9. Gene M. Grossman and Alan B. Krueger (1995), ‘Economic Growth and the Environment’
10. J.B. Opschoor and S.M. Jongma (1996), ‘Bretton Woods Intervention Programmes and Sustainable Development’
11. Theodore Panayotou and Kurt Hupé (1996), ‘Environmental Impacts of Structural Adjustment Programs: Synthesis and Recommendations’
12. J.J. Kessler and M. Van Dorp (1998), ‘Structural Adjustment and the Environment: The Need for an Analytical Methodology’
PART III MACROECONOMIC-ENVIRONMENTAL MODELS AND COUNTRY STUDIES
13. Klaus Conrad (1999), ‘Computable General Equilibrium Models for Environmental Economics and Policy Analysis’
14. Sardar M.N. Islam (2001), ‘Ecology and Optimal Economic Growth: An Optimal Ecological Economic Growth Model and Its Sustainability Implications’
15. Dale W. Jorgenson and Peter J. Wilcoxen (1990), ‘Intertemporal General Equilibrium Modeling of U.S. Environmental Regulation’
16. Lars Bergman (1990), ‘Energy and Environmental Constraints on Growth: A CGE Modeling Approach’
17. Annika Persson and Mohan Munasinghe (1995), ‘Natural Resource Management and Economywide Policies in Costa Rica: A Computable General Equilibrium (CGE) Modeling Approach’
18. Stein T. Holden, J. Edward Taylor and Stephen Hampton (1998), ‘Structural Adjustment and Market Imperfections: A Stylized Village Economy-wide Model with Non-separable Farm Households’
19. Solveig Glomsrød, Maria Dolores Monge and Haakon Vennemo (1998), ‘Structural Adjustment and Deforestation in Nicaragua’
PART IV INTERNATIONAL TRADE AND THE ENVIRONMENT
20. Karl W. Steininger (1999), ‘General Models of Environmental Policy and Foreign Trade’
21. Amitrajeet A. Batabyal (1994), ‘An Open Economy Model of the Effects of Unilateral Environmental Policy by a Large Developing Country’
22. Ian Goldin and David Roland-Host (1997), ‘Economic Policies for Sustainable Resource Use in Morocco’
23. Muthukumara Mani and David Wheeler (1999), ‘In Search of Pollution Havens? Dirty Industry in the World Economy, 1960–1995’
PART V ENVIRONMENTAL ACCOUNTING
24. John M. Hartwick (1990), ‘Natural Resources, National Accounting and Economic Depreciation’
25. Peter Bartelmus, Carsten Stahmer and Jan van Tongeren (1991), ‘Integrated Environmental and Economic Accounting: Framework for a SNA Satellite System’
26. Robert Repetto, William Magrath, Michael Wells, Christine Beer and Fabrizio Rossini (1989), ‘The Need for Natural Resource Accounting’
27. Lars Hultkrantz (1992), ‘National Account of Timber and Forest Environmental Resources in Sweden’
28. Giles Atkinson, Richard Dubourg, Kirk Hamilton, Mohan Munasinghe, David Pearce and Carlos Young (1997), ‘Resource and Environmental Accounting’
29. Thomas Aronsson and Karl-Gustaf Löfgren (1998), ‘Green Accounting: What Do We Know and What Do We Need to Know?’
Name Index
Acknowledgements
Introduction Elements of Environmental Macroeconomics Mohan Munasinghe
PART I BASIC LINKAGES AND MACRO-ANALYTICAL FRAMEWORKS
1. Wassily Leontief (1970), ‘Environmental Repercussions and the Economic Structure: An Input–output Approach’
2. Tjalling C. Koopmans (1973), ‘Some Observations on ‘Optimal’ Economic Growth and Exhaustible Resources’
3. Joseph Stiglitz (1974), ‘Growth with Exhaustible Natural Resources: Efficient and Optimal Growth Paths’
4. Robert Solow (1993), ‘An Almost Practical Step Toward Sustainability’
5. Richard W. England (2000), ‘Natural Capital and the Theory of Economic Growth’
6. Herman E. Daly (1991), ‘Elements of Environmental Macroeconomics’
7. Messaye Girma (1992), ‘Macropolicy and the Environment: A Framework for Analysis’
8. Karl-Göran Mäler and Mohan Munasinghe (1996), ‘Macroeconomic Policies, Second-best Theory, and the Environment’
PART II GENERAL REVIEWS AND EMPIRICAL SURVEYS
9. Gene M. Grossman and Alan B. Krueger (1995), ‘Economic Growth and the Environment’
10. J.B. Opschoor and S.M. Jongma (1996), ‘Bretton Woods Intervention Programmes and Sustainable Development’
11. Theodore Panayotou and Kurt Hupé (1996), ‘Environmental Impacts of Structural Adjustment Programs: Synthesis and Recommendations’
12. J.J. Kessler and M. Van Dorp (1998), ‘Structural Adjustment and the Environment: The Need for an Analytical Methodology’
PART III MACROECONOMIC-ENVIRONMENTAL MODELS AND COUNTRY STUDIES
13. Klaus Conrad (1999), ‘Computable General Equilibrium Models for Environmental Economics and Policy Analysis’
14. Sardar M.N. Islam (2001), ‘Ecology and Optimal Economic Growth: An Optimal Ecological Economic Growth Model and Its Sustainability Implications’
15. Dale W. Jorgenson and Peter J. Wilcoxen (1990), ‘Intertemporal General Equilibrium Modeling of U.S. Environmental Regulation’
16. Lars Bergman (1990), ‘Energy and Environmental Constraints on Growth: A CGE Modeling Approach’
17. Annika Persson and Mohan Munasinghe (1995), ‘Natural Resource Management and Economywide Policies in Costa Rica: A Computable General Equilibrium (CGE) Modeling Approach’
18. Stein T. Holden, J. Edward Taylor and Stephen Hampton (1998), ‘Structural Adjustment and Market Imperfections: A Stylized Village Economy-wide Model with Non-separable Farm Households’
19. Solveig Glomsrød, Maria Dolores Monge and Haakon Vennemo (1998), ‘Structural Adjustment and Deforestation in Nicaragua’
PART IV INTERNATIONAL TRADE AND THE ENVIRONMENT
20. Karl W. Steininger (1999), ‘General Models of Environmental Policy and Foreign Trade’
21. Amitrajeet A. Batabyal (1994), ‘An Open Economy Model of the Effects of Unilateral Environmental Policy by a Large Developing Country’
22. Ian Goldin and David Roland-Host (1997), ‘Economic Policies for Sustainable Resource Use in Morocco’
23. Muthukumara Mani and David Wheeler (1999), ‘In Search of Pollution Havens? Dirty Industry in the World Economy, 1960–1995’
PART V ENVIRONMENTAL ACCOUNTING
24. John M. Hartwick (1990), ‘Natural Resources, National Accounting and Economic Depreciation’
25. Peter Bartelmus, Carsten Stahmer and Jan van Tongeren (1991), ‘Integrated Environmental and Economic Accounting: Framework for a SNA Satellite System’
26. Robert Repetto, William Magrath, Michael Wells, Christine Beer and Fabrizio Rossini (1989), ‘The Need for Natural Resource Accounting’
27. Lars Hultkrantz (1992), ‘National Account of Timber and Forest Environmental Resources in Sweden’
28. Giles Atkinson, Richard Dubourg, Kirk Hamilton, Mohan Munasinghe, David Pearce and Carlos Young (1997), ‘Resource and Environmental Accounting’
29. Thomas Aronsson and Karl-Gustaf Löfgren (1998), ‘Green Accounting: What Do We Know and What Do We Need to Know?’
Name Index
