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Progress in the Research of Environmental Macroeconomics

Author

Listed:
  • Muchuan Niu

    (School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China)

  • Sheng Zhang

    (School of Environment, Tsinghua University, Beijing 100190, China)

  • Nannan Zhang

    (School of Marxism, Party School of the Central Committee of CPC, Beijing 100091, China)

  • Zuhui Wen

    (School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China)

  • Meng Xu

    (Department of Mathematics, School of Science, Beijing Jiaotong University, Beijing 100044, China)

  • Yifu Yang

    (School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China)

Abstract

This review systematically introduces the current main research directions of environmental macroeconomics. Environmental macroeconomics research aims to study the relationship between economic development and the ecological environment and ultimately achieve green outcomes. At the same time, maintaining a moderate economic scale within the environmental setting is vital to get rid of excessive dependence on economic growth. This review draws on the traditional macroeconomics framework, focusing on economic growth, the economics of climate, economic policy, work, consumption, technological progress, industrial structure, and other topics. Although most studies have highlighted the importance of environmental issues, few empirical analyses combine environmental policy with economic policy, production, consumption, climate change, etc., and theories such as ecological, technological progress, business cycle, and environmental policy lack the necessary practical support. It is, therefore, difficult to put forward appropriate and measurable policy recommendations. Environmental macroeconomics is still a relatively new field of research, the theoretical system has flaws, and innovations in models still need to be improved. We suggest that environmental policy formulation be placed in a dynamic general equilibrium framework.

Suggested Citation

  • Muchuan Niu & Sheng Zhang & Nannan Zhang & Zuhui Wen & Meng Xu & Yifu Yang, 2022. "Progress in the Research of Environmental Macroeconomics," Sustainability, MDPI, vol. 14(3), pages 1-13, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:3:p:1190-:d:729835
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    References listed on IDEAS

    as
    1. Clive L. Spash & Anthony Ryan, 2012. "Economic Schools of Thought on the Environment: Investigating Unity and Division," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 36(5), pages 1091-1121.
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