TY - JOUR
T1 - Incorporating sustainability indicators into a computable general equilibrium model of the Scottish economy
AU - Yin, Y.P.
AU - Ferguson, L.
AU - McGregor, J.
AU - Swales, J.K.
AU - Turner, K.R.
N1 - Original article can be found at: http://www.informaworld.com Copyright Informa [Full text of this article is not available in the UHRA]
PY - 2005
Y1 - 2005
N2 - 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.
AB - 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.
KW - computable general equilibrium modelling
KW - environmental indicators
KW - sustainability policy
U2 - 10.1080/09535310500114838
DO - 10.1080/09535310500114838
M3 - Article
SN - 0953-5314
VL - 17
SP - 103
EP - 140
JO - Economic Systems Research
JF - Economic Systems Research
IS - 2
ER -