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

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Author Info
Linda Ferguson
Peter Mcgregor
J. Kim Swales
Karen Turner
Ya Yin

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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.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Economic Systems Research.

Volume (Year): 17 (2005)
Issue (Month): 2 (June)
Pages: 103-140
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:2:p:103-140

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Related research
Keywords: Computable general equilibrium modelling environmental indicators sustainability policy

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  1. Inge Mayeres & Denise Van Regemorter, 2003. "Modelling the health related benefits of environmental policies - a CGE analysis for the eu countries with gem-e3," Energy, Transport and Environment Working Papers Series ete0310, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment. [Downloadable!]
  2. Blanchflower, David G & Oswald, Andrew J, 1990. " The Wage Curve," Scandinavian Journal of Economics, Blackwell Publishing, vol. 92(2), pages 215-35.
    Other versions:
    • Blanchflower, D. & Oswald, A., 1989. "The Wage Curve," Papers 340, London School of Economics - Centre for Labour Economics.
    • David G. Blanchflower & Andrew J. Oswald, 1990. "The Wage Curve," NBER Working Papers 3181, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    • Andrew J. Oswald & David G. Blanchflower, 1995. "The Wage Curve," MIT Press Books, The MIT Press, edition 1, volume 1, number 026202375x, 03.
  3. Jean-Marc Burniaux & John P. Martin & Giuseppe Nicoletti & Joaquim Oliveira Martins, 1992. "GREEN a Multi-Sector, Multi-Region General Equilibrium Model for Quantifying the Costs of Curbing CO2 Emissions: A Technical Manual," OECD Economics Department Working Papers 116, OECD Economics Department. [Downloadable!]
  4. John Whalley & Randall Wigle, 1992. "Results for the OECD Comparative Modelling Project from the Whalley-Wigle Model," OECD Economics Department Working Papers 121, OECD Economics Department. [Downloadable!]
  5. Gale, Lewis R, IV, 1995. "Trade Liberalization and Pollution: An Input-Output Study of Carbon Dioxide Emissions in Mexico," Economic Systems Research, Taylor and Francis Journals, vol. 7(3), pages 309-20.
  6. Harrigan, Frank & McGregor, Peter G. & Dourmashkin, Neil & Perman, Roger & Swales, Kim & Yin, Ya Ping, 1991. "AMOS : A macro-micro model of Scotland," Economic Modelling, Elsevier, vol. 8(4), pages 424-479, October. [Downloadable!] (restricted)
  7. Hanley, Nick, 2000. " Macroeconomic Measures of 'Sustainability.'," Journal of Economic Surveys, Blackwell Publishing, vol. 14(1), pages 1-30, February. [Downloadable!] (restricted)
  8. Andrew Dean & Peter Hoeller, 1992. "Costs of Reducing CO2 Emissions: Evidence from Six Global Models," OECD Economics Department Working Papers 122, OECD Economics Department. [Downloadable!]
  9. Leontief, Wassily, 1970. "Environmental Repercussions and the Economic Structure: An Input-Output Approach," The Review of Economics and Statistics, MIT Press, vol. 52(3), pages 262-71, August. [Downloadable!] (restricted)
  10. Gary Gillespie, Peter G. McGregor, J. Kim Swales, Ya Ping Yin, 2001. "The Displacement and Multiplier Effects of Regional Selective Assistance: A Computable General Equilibrium Analysis," Regional Studies, Taylor and Francis Journals, vol. 35(2), pages 125-139, April. [Downloadable!] (restricted)
  11. Thomas Rutherford, 1992. "The Welfare Effects of Fossil Carbon Restrictions: Results from a Recursively Dynamic Trade Model," OECD Economics Department Working Papers 112, OECD Economics Department. [Downloadable!]
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