Economies and Sustainability

Sustainability in Closed and Open Economies

This paper discusses unilateral sustainability policies for tradable resources in closed and open economies. The effects of sustainability policies are modelled in an intertemporal, competitive framework by applying different sustainability rules which are introduced unilaterally in the domestic country. The paper shows that no sustainability rule will lead to a slower rate of extraction of the...

Fiscal Multicointegration and Sustainability in OECD Economies

Long-Term Fiscal Sustainability in Major Economies

The Rise, Fall and Sustainability of Capital-Resource Economies

In debates about green accounting it is sometimes argued that a positive value of aggregate investments indicates that an economy is developing sustainably. Asheim (1994) and Pezzey (1994) have shown that this is wrong, using a version of the well-known Dasgupta–Heal economy (with one capital and one non-renewable resource stock) as a counterexample. Asheim’s proof referred to the unproved assu...

Modelling the sustainability of mass tourism in island tourist economies

Tourism is one of the world’s largest industries and is a source of jobs across national and regional economies. Assessing the economic, environmental and social impacts of tourism development has become a major activity within the tourism and sustainable development communities. The purpose of this research is to demonstrate the contribution of system dynamics for analysing policies that can n...