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The aggregation problem : implications for ecological and biophysical economics
Fix, Blair - 2019
This article discusses the aggregation problem and its implications for ecological economics. The aggregation problem consists of a simple dilemma: when adding heterogeneous phenomena together, the observer must choose the unit of analysis. The dilemma is that this choice affects the resulting...
Persistent link: https://www.econbiz.de/10012053632
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Chapter 3. The nature of natural capital and ecosystem income
Fenichel, Eli P.; Abbott, Joshua K.; Yun, Seong Do - In: Handbook of environmental economics : Volume 4, (pp. 85-142). 2018
The natural capital concept is generating broad interest that extends well beyond economists. Economics has a long history of applying capital theory to natural resources. However, measurement of the value of ecosystems has mostly focused on income flows rather than valuing stocks of natural...
Persistent link: https://www.econbiz.de/10014023894
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Using the Box-Cox transformation to approximate the shape of the relationship between CO2 emissions and GDP : a note
Conte Grand, Mariana; D'Elía, Vanesa Valeria - 2013
With CAIT WRI data for those countries which submitted quantifiable CO2 emission caps under the Copenhagen Agreement, this note supports the existence of a long run relationship between CO2 emissions and GDP in 11 of the 26 countries in our sample over the period 1980-2008. However, the...
Persistent link: https://www.econbiz.de/10009769635
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A Sequential Sustainability Transformation Model for Financial Institutions
Sancak, Ibrahim E. - 2021
-by-step an avenue for financial institutions towards sustainability, it becomes clearer that the governance factor plays the most …
Persistent link: https://www.econbiz.de/10013233198
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On the axiomatic foundation of ecological footprint indices
Kuhn, Thomas; Pestow, Radomir; Zenker, Anja - 2018
The objective of this paper is to provide an axiomatic foundation to the concept of ecological footprint indices. For this purpose, we propose five axioms representing general properties which any ecological footprint measure should fulfill. It can be shown that there exists a unique index which...
Persistent link: https://www.econbiz.de/10011944536
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Sustainable economic development and the environment : theory and evidence
Bertinelli, Luisito (contributor); Strobl, Eric (contributor) - 2005
The relationship between growth and pollution is studied through a vintage capital model, where new technology is more … cases of sustainable development, one in which pollution falls and another in which it stabilizes, or a catastrophic outcome … the pollution-output relationship. -- Environmental quality ; Sustainable economic development ; Vintage capital model …
Persistent link: https://www.econbiz.de/10003731649
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Environmental Policy Options in the Multi-Regimes Framework
Bimonte, Salvatore; Punzo, Lionello F. - 2008
In this paper we extend the multi-regime framework to variables involved in the debate on economic growth and environmental quality, starting from a reexamination of the so-called Environmental Kuznets Curve. The aim is to discuss the double convergence hypothesis that implicitly stems from a...
Persistent link: https://www.econbiz.de/10014074603
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Sustainable Economic Development and the Environment : Theory and Evidence
Bertinelli, Luisito; Strobl, Eric; Zou, Benteng - 2006
The relationship between growth and pollution is studied through a vintage capital model, where new technologies are … achieve two possible cases of sustainable development, one in which pollution falls and another in which it stabilizes, or a … heterogenous experiences in the pollution-output relationship …
Persistent link: https://www.econbiz.de/10014056215
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Polluting Technologies and Sustainable Economic Development
Bertinelli, Luisito; Strobl, Eric; Zou, Benteng - 2006
period until which pollution may eventually decrease and cause this turning point to be reached at a higher level of … pollution. An empirical analysis using export data of vintage technologies from the US and Europe to developing countries …
Persistent link: https://www.econbiz.de/10014056262
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Irrelevance of Governance Structure
Goshen, Zohar - 2020
Does corporate governance structure matter for firm value? We develop a model in which the allocation of control rights … between shareholders and managers (“governance structure”) affects managers' incentive to invest (strong governance tightens … managerial freedom and weak governance loosens it), and firms' investment decisions are linked through a market for resources. We …
Persistent link: https://www.econbiz.de/10012850031