In this short paper, I briefly discuss the economic theory of externalities. After first defining the concept, I pay attention to the history of this concept, the way in which it has been conceptualized, new developments, and the contemporary policy relevance of externalities and their regulation.

This study examines the eco-efficiency performance of green energy transitions in 45 high-emission countries (1995–2022), focusing on convergence in policymaking. Using hybrid window data envelopment analysis (WDEA) models, eco-efficiency was evaluated for non-renewable energy (NRES),...

Changing household behaviour is often encouraged as a means of reducing energy demand and subsequently greenhouse gas (GHG) emissions. The direct and indirect rebound effects from cost-saving ‘green’ household consumption choices were estimated using Australian data. Rebound effects from...

The paper proposes a coopetitive model for the Green Economy. It addresses the issue of the climate change policy and the creation and diffusion of low-carbon technologies. In the present paper the complex construct of coopetiton is applied at macroeconomic level. The model, based on Game...

This paper proposes a model representing a global economy which aims to become environmentally sustainable. The model looks both at the production side and the consumption side of the economy. Regarding the production side, the suggested model considers investment and innovation in climate...

During the last decades energy sector has undergone thoughtful structural changes, getting towards a more competitive environment, a process that it is highly controlled and monitored by regulatory authorities. The differences in the pace and extent of market reforms are mainly related to the...

The aim of this paper is to examine the impact of natural resources, CO2 emission, energy use, domestic investment, innovation, trade, and digitalization on economic growth in the case of 52 African Countries. To attempt our goal, we used annual data of 52 African countries for the period 1996...

This paper sets out: - a definition of the social cost of carbon, hitherto used in UK government appraisals to reflect the external costs of greenhouse gas emissions; - the rationale for adopting a shadow price of carbon (SPC) for use in policy and investment appraisals across UK government; and...

Better management of natural capital, an efficient allocation of resources and technological progress can contribute to productivity change. The present study uses Data Envelopment Analysis to determine the Total Factor Productivity Index, in the case of the EU15 countries, using panel data on...

This study deals with the nonparametric frontier analysis in the case of the EU 28 countries for a period spanning from 1993 to 2012. It provides statistical inference about the radial output based measure of technical efficiency under the assumption of Constant Returns to Scale (CRS) and it...