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Optimizing Production In The Greek Economy: Exploring The Interaction Between Greenhouse Gas Emissions And Solid Waste Via Input--Output Analysis

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  • Dimitrios Hristu-Varsakelis
  • Stella Karagianni
  • Maria Pempetzoglou
  • Athanasios Sfetsos

Abstract

We explore an input--output based framework for optimizing production in the Greek economy, under constraints relating to energy use, final demand, greenhouse gas emissions and solid waste. Using empirical data, we consider the effects on the maximum attainable gross value of production when imposing various pollution abatement targets. Our results quantify those effects as well as the magnitude of economic sacrifices required to achieve environmental goals, in a series of policy scenarios of practical importance. Because air pollution and solid waste are not produced independently of one another, we identify the settings in which it is meaningful to institute a separate policy for mitigating each pollutant, versus those in which only one pollutant needs to be actively addressed. The scenarios considered here represent a range of options that could be available to policy makers, depending on the country's international commitments and the effects on economic and environmental variables.

Suggested Citation

  • Dimitrios Hristu-Varsakelis & Stella Karagianni & Maria Pempetzoglou & Athanasios Sfetsos, 2012. "Optimizing Production In The Greek Economy: Exploring The Interaction Between Greenhouse Gas Emissions And Solid Waste Via Input--Output Analysis," Economic Systems Research, Taylor & Francis Journals, vol. 24(1), pages 57-75, March.
    • Handle: RePEc:taf:ecsysr:v:24:y:2012:i:1:p:57-75
    DOI: 10.1080/09535314.2011.572065
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    Cited by:

    1. de Carvalho, Ariovaldo Lopes & Henggeler Antunes, Carlos & Freire, Fausto & Oliveira Henriques, Carla, 2016. "A multi-objective interactive approach to assess economic-energy-environment trade-offs in Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 1429-1442.
    2. C. Oliveira & D. Coelho & C. H. Antunes, 2016. "Coupling input–output analysis with multiobjective linear programming models for the study of economy–energy–environment–social (E3S) trade-offs: a review," Annals of Operations Research, Springer, vol. 247(2), pages 471-502, December.
    3. Ribeiro, Luiz Carlos de Santana & Leão, Eder Johnson de Area & Freitas, Lúcio Flávio da Silva, 2018. "Greenhouse Gases Emissions and Economic Performance of Livestock, an Environmental Input-Output Analysis," Revista de Economia e Sociologia Rural (RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 56(2), January.
    4. Wang, Yizhong & Jeong, Sujong & Hang, Ye & Wang, Qunwei, 2024. "Multi-sector environmental efficiency and productivity: A general Leontief optimization method," Omega, Elsevier, vol. 126(C).

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