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Economics of Sustainable Development and the Bioeconomy

Author

Listed:
  • David Zilberman
  • Ben Gordon
  • Gal Hochman
  • Justus Wesseler

Abstract

Sustainable development can be attained by policies that are derived by analyses that integrate biophysical considerations into economic models. We show that policies and incentives that correct market failure can attain sustainable development through enhancing conservation, recycling, the use of renewable resources, and development of the bioeconomy, which relies on biological processes and feedstock to produce renewable products. The design of sustainable development policies and analysis of the bioeconomy pose new challenges to applied economists, who are uniquely qualified to integrate economic analysis with biophysical considerations.

Suggested Citation

  • David Zilberman & Ben Gordon & Gal Hochman & Justus Wesseler, 2018. "Economics of Sustainable Development and the Bioeconomy," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 40(1), pages 22-37.
    • Handle: RePEc:oup:apecpp:v:40:y:2018:i:1:p:22-37.
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    File URL: http://hdl.handle.net/10.1093/aepp/ppx051
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    Citations

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    Cited by:

    1. Laibach, Natalie & Börner, Jan & Bröring, Stefanie, 2019. "Exploring the future of the bioeconomy: An expert-based scoping study examining key enabling technology fields with potential to foster the transition toward a bio-based economy," Technology in Society, Elsevier, vol. 58(C).
    2. Altenburg, Tilman & Bauer, Steffen & Brandi, Clara & Brüntrup, Michael & Malerba, Daniele & Never, Babette & Pegels, Anna & Stamm, Andreas & To, Jenny & Volz, Ulrich, 2022. "Ökologische Strukturpolitik: Ein starker Profilbaustein für die deutsche Entwicklungszusammenarbeit," IDOS Discussion Papers 8/2022, German Institute of Development and Sustainability (IDOS).
    3. Sarah Jansen & William Foster & Gustavo Anríquez & Jorge Ortega, 2021. "Understanding Farm-Level Incentives within the Bioeconomy Framework: Prices, Product Quality, Losses, and Bio-Based Alternatives," Sustainability, MDPI, vol. 13(2), pages 1-21, January.
    4. John Vaz & Kym Brown, 2020. "Sustainable development and cryptocurrencies as private money," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(1), pages 163-184, March.
    5. Palatnik, Ruslana Rachel & Freer, Mikhail & Levin, Mark & Golberg, Alexander & Zilberman, David, 2023. "Algae-Based Two-Stage Supply Chain with Co-Products," Ecological Economics, Elsevier, vol. 207(C).
    6. Maria Urbaniec & Mariusz Sołtysik & Anna Prusak & Konrad Kułakowski & Magdalena Wojnarowska, 2022. "Fostering sustainable entrepreneurship by business strategies: An explorative approach in the bioeconomy," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 251-267, January.
    7. Giuliano Resce & Fritz Schiltz, 2021. "Sustainable Development in Europe: A Multicriteria Decision Analysis," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 67(2), pages 509-529, June.
    8. Andrew M. Neill & Cathal O’Donoghue & Jane C. Stout, 2020. "A Natural Capital Lens for a Sustainable Bioeconomy: Determining the Unrealised and Unrecognised Services from Nature," Sustainability, MDPI, vol. 12(19), pages 1-24, September.
    9. Maciejczak, Mariusz, 2023. "Nature Based Innovations in the Development of Bioeconomy," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2023(2).
    10. Li, Ye & Chen, Yiyan, 2021. "Development of an SBM-ML model for the measurement of green total factor productivity: The case of pearl river delta urban agglomeration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 145(C).

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