The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a complete technological characterization of the...

The Clean Development Mechanism (CDM) has had an important role in financing projects aimed at promoting sustainable development in developing countries. Yet this role has been bounded by transaction costs, with impacts on project-based carbon credit markets. This recognition has originated...

Der vorliegende Beitrag ist eine Kurzfassung zur Studie I im Rahmen des Projektes "Eckpunkte eines ökologisch tragfähigen Wohlfahrtskonzepts als Grundlage für umweltpolitische Innovations- und Transformationsprozesse" für das Bundesumweltministerium (BMU). Die Auswertung hatte zum Ziel,...

In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China tends to engender, as an inherent byproduct,...

This paper presents a simple model of optimal sustainable growth in which the environmental stock enters consumers' preferences and production possibilities depend upon the use of produced physical capital and the use of a flow of productive services provided through the exploitation of the...

There are now quite many publications on the construction of an environmentally adjusted net-national product measure. Most of these publications base the discussion on rather ad hoc constructions of the national accounts. In this paper, I try to develop an accounting framework from basic...

Europe is first and foremost urban. In the 1990s, cities emerge stronger on the European scene; they wish to become attractive to people and capital. Winning the battle of sustainability is central to this effort, and presupposes a thorough understanding of this frequently used term, with...

In this paper we analyse tourism sustainability from a modelling point of view. The minimal model we propose is composed of three non-linear ordinary differential equations describing the dynamics of tourists, environment and services. Many of the parameters involved are concerned with the...

We try to build a macroeconomic index, that includes some non-market variables, to be compared to the traditional GDP. Over the last twenty years answers to the welfare accounting problem have been different. Economists have used dynamic optimisation to rigorously derive an index that can be...

There are two broad criteria by which one can judge humanity's success in feeding itself: (i) the proportion of people whose access to basic nutritional requirements is secure; and (ii) the extent to which global food production is sustainable. Even though the two are related, they have usually...