Abstract
This chapter presents a broad overview of types of formal models of sustainable development. Sustainable development has become a common term in environmental economics. Without immediately offering a rigorous definition, one can safely state that it is generally agreed upon that sustainable development refers to the long-run mutual dependence of environmental quality and resource availability on the one hand, and economic development on the other hand. More specifically, it is related to casting the environment explicitly in the context of economic growth and development. This is about as far as the consensus goes, since the specific goals adhered to diverge between supporters of the (anthropocentric) criterion of intergenerational justice (or more narrowly intergenerational equity), and the (non-or less anthropocentric) environmental rights criterion.2
Keywords
- Sustainable Development
- Discount Rate
- Environmental Kuznets Curve
- Ecological Economic
- Computable General Equilibrium Model
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Comments by Frank den Butter, Klaus Conrad, Peter Nijkamp, David Pearce and Richard Tol are gratefully acknowledged. Evidently, we are responsible for all views expressed as well as for all remaining errors.
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Van Den Bergh, J.C.J.M., Hofkes, M.W. (1998). A survey of economic modelling of sustainable development. In: van den Bergh, J.C.J.M., Hofkes, M.W. (eds) Theory and Implementation of Economic Models for Sustainable Development. Economy & Environment, vol 15. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-3511-7_2
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