This volume contains a collection of surveys of the most important issues in formal - both theoretical and applied - analysis of sustainable development. Although the literature on the various aspects of sustainable development is very large, a systematic account of modelling of sustainable...

This paper considers an economy in which the environment plays a role both in welfare and production. An endogenous growth model, which allows for abatement activities, is formulated in order to study the impact of pollution on welfare and long-term growth. Conditions for optimal and balanced...

This paper examines the possible contribution of evolutionary economics to macro-economic modelling of flood impacts to provide guidance for future economic risk modelling. Most macro-economic models start from a neoclassical economic perspective and focus on equilibrium outcomes, either in a...