This paper takes a simple model with pollution and environmental quality and derives some novel results. In particular, pollution is shown to be a Giffen good. This is a very important finding with clear policy implications, namely that carbon taxes (and pollution permits) are...

Over 85% of international tourists visit to Lao PDR are regional tourists from Thailand, Vietnam and China. This study investigates the dynamic panel demand of regional tourists' fromThailand, Vietnam and China visiting Lao PDR. Tourism price, income, substitute tourism price and SARs are the...

Biodiversity provides a variety of socio- cultural and economic services for the humankind such as food, water, shelter, medicines, energy and aesthetic value. Pakistan is fortunate to have rich biodiversity canvas and is blessed with more than nine distinct ecological zones. These ecological...

This paper examines the assumptions and conclusions of the neoclassical growth model put forth by Solow and many others. We investigate the origins of the paradigm of unlimited growth and technological progress and question their plausibility. In contrast, we develop a modified version of the...

Marine and coastal ecosystems are of high importance owing to the mankind dependence on the goods and services provided. Due to the lack of an official market to valuate non-marketed goods and services, contingent valuation is applied intensively in order to provide the policy makers and the...

The present paper provides a model of coopetitive game for environmental sustainability of a global green economy, looking for a win-win solution within a complex construct of a type originally devised by Branderburger and Nalebuff. The model here suggested is environmental sustainable since it...

The article brings into picture the tourism progression and its environmental consequences in a recently emerged international tourist destination, United Arab Emirates (UAE). The country attracted around 8 million tourists in the year 2008 and at the same time made to the news-lines for...

The concept of an environmental management system evolved in the early nineties. An environmental management system exists to help organizations minimize how their operations (processes etc.) negatively affect the environment (i.e. cause adverse changes to air, water, or land), comply with...

The purpose of this study is to examine effects of tourism on economic development. We build an economic growth model of a small open country with tourism in a perfectly competitive economy. The economy consists of one service sector and one industrial sector. International tourists and domestic...

In this paper a case study is presented to propose an alternative mechanism to include the impact of climate change into the hydropower projects' feasibility valuation. We start from independent engineer historical energy generation simulations, therefore applying mixing unconditional...