A goal programming approach for a joint design of macroeconomic and environmental policies: a methodological proposal and an application to the spanish economy
Economic policy needs to pay more attention to environmental issues. This calls for the development of methodologies capable of incorporating environmental as well as macroeconomic goals in the design of public policies. In view of this, this paper proposes a methodology based upon Simonian satisficing logic implemented with the help of goal programming models to address the joint design of macroeconomic and environmental policies. The methodology is applied to the Spanish economy, where a joint policy is elicited, taking into account macroeconomic goals (economic growth, inflation, unemployment, public deficit) and environmental goals (CO2, NOx and SOx emissions) within the context of a computable general equilibrium model.
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- Kehoe, Timothy J & Polo, Clemente & Sancho, Ferran, 1995.
"An Evaluation of the Performance of an Applied General Equilibrium Model of the Spanish Economy,"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 115-141, June.
- Timothy J. Kehoe & Clemente Polo & Ferran Sancho, 1994. "An evaluation of the performance of an applied general equilibrium model of the Spanish economy," Working Papers 480, Federal Reserve Bank of Minneapolis.
- Francisco J. André & M. Alejandro Cardenete & Esther Velázquez Alonso, 2004.
"Performing an Environmental Tax Reform in a Regional Economy. A Computable General Equilibrium Approach,"
Economic Working Papers at Centro de Estudios Andaluces
E2004/04, Centro de Estudios Andaluces.
- Francisco André & M. Cardenete & Esther Velázquez, 2005. "Performing an environmental tax reform in a regional economy. A computable general equilibrium approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 39(2), pages 375-392, 06.
- Francisco J. AndrÃ© & M. Alejandro Cardenete, 2004. "Performing an Environmental Tax Reform in a Regional Economy: A Computable General Equilibrium Approach," Computing in Economics and Finance 2004 115, Society for Computational Economics.
- Bohringer, Christoph & Loschel, Andreas, 2006. "Computable general equilibrium models for sustainability impact assessment: Status quo and prospects," Ecological Economics, Elsevier, vol. 60(1), pages 49-64, November.
- Tamiz, Mehrdad & Jones, Dylan & Romero, Carlos, 1998. "Goal programming for decision making: An overview of the current state-of-the-art," European Journal of Operational Research, Elsevier, vol. 111(3), pages 569-581, December.
- Romero, Carlos & Rehman, Tahir, 1987. "Natural Resource Management and the Use of Multiple Criteria Decision-Making Techniques: A Review," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 14(1), pages 61-89.
- Baumol,William J. & Oates,Wallace E., 1988.
"The Theory of Environmental Policy,"
Cambridge University Press, number 9780521311120, December.
- Romero, Carlos, 2001. "Extended lexicographic goal programming: a unifying approach," Omega, Elsevier, vol. 29(1), pages 63-71, February.
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