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Environmental and Resource Economics

, Volume 11, Issue 3–4, pp 365–381 | Cite as

New Economic Theories

  • Carlo Carraro
Article

Abstract

This paper analyses some of the most important spillovers of recent developments of economic theory into environmental economics. Attention is given to the anlaysis of sustainable economic development paths, where endogenous growth models are used; the implications of environmental dumping and more generally of policies concerning global environmental issues, where new trade theories are very useful; and, the effectiveness of environmental policy instruments when markets are imperfectly competitive, where industrial organisation theory is employed. The paper does not only note recent developments in environmental economics, but also relates these to the previous environmental economics literature. Thus, it can be assessed whether new results actually improve our knowledge of crucial economic and environmental issues.

economic theory endogenous growth environmental innovation imperfect competition international trade policy 

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Copyright information

© Kluwer Academic Publishers 1998

Authors and Affiliations

  • Carlo Carraro
    • 1
  1. 1.University of Venice and FEEM, S. Giobbe 873VeniceItaly

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