Incorporating sustainability indicators into a computable general equilibrium model of the scottish economy

Ferguson, L., Mcgregor, P. G., Swales, J. K., Turner, K. R. and Yin, Y. P. (2005) Incorporating sustainability indicators into a computable general equilibrium model of the scottish economy. Economic Systems Research, 17(2), pp. 103-140. (doi:10.1080/09535310500114838)

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Abstract

In recent years, the notion of sustainable development has begun to figure prominently in the regional, as well as the national, policy concerns of many industrialized countries. Indicators have typically been used to monitor changes in economic, environmental and social variables to show whether economic development is on a sustainable path. In this paper we endogenize individual and composite environmental indicators within an appropriately specified computable general equilibrium modelling framework for Scotland. In principle, at least, this represents a very powerful modelling tool that can inform the policy making process by identifying the impact of any exogenous policy change on the key endogenous environmental and economic indicators. It can also identify the effects of any binding environmental targets on economic activity.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Christie, Mrs Linda
Authors: Ferguson, L., Mcgregor, P. G., Swales, J. K., Turner, K. R., and Yin, Y. P.
College/School:College of Social Sciences > School of Social and Political Sciences
Journal Name:Economic Systems Research
Publisher:Taylor & Francis
ISSN:0953-5314
ISSN (Online):1469-5758

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