The Economics of Sustainable Development

The Case of India

  • Shunsuke Managi
  • Surender Kumar

Part of the Natural Resource Management and Policy book series (NRMP, volume 32)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Macroeconomic Development and the Environment

    1. Front Matter
      Pages 9-9
    2. Surender Kumar, Shunsuke Managi
      Pages 1-7
    3. Surender Kumar, Shunsuke Managi
      Pages 11-35
    4. Surender Kumar, Shunsuke Managi
      Pages 37-63
    5. Surender Kumar, Shunsuke Managi
      Pages 65-81
  3. Industrial Development and Benefits and Costs of the Environmental Regulations

    1. Front Matter
      Pages 83-83
    2. Surender Kumar, Shunsuke Managi
      Pages 85-105
    3. Surender Kumar, Shunsuke Managi
      Pages 107-125
    4. Surender Kumar, Shunsuke Managi
      Pages 127-137
    5. Surender Kumar, Shunsuke Managi
      Pages 139-156
    6. Surender Kumar, Shunsuke Managi
      Pages 167-181
  4. Environmental Productivity, Oil Prices and Induced Innovations

    1. Front Matter
      Pages 183-183
    2. Surender Kumar, Shunsuke Managi
      Pages 185-201
    3. Surender Kumar, Shunsuke Managi
      Pages 203-219
    4. Surender Kumar, Shunsuke Managi
      Pages 221-243
    5. Surender Kumar, Shunsuke Managi
      Pages 245-263
    6. Surender Kumar, Shunsuke Managi
      Pages 265-274
  5. Back Matter
    Pages 275-297

About this book

Introduction

This book provides a look at the current status and future potential of sustainable development in India. Macroeconomic developments, regional disparity and poverty situation, the trend in natural resource depletion and environmental degradation, trajectory of economic development, and conventional wealth are discussed. A history of environmental regulations and the current state of the environment in India are provided along with the possible reasons for non-compliance of environmental standards in the country. This book studies many different aspects of industries in India from supply and demand sides and efficiency and productivity analyses are provided in detail. Before the liberalization of its economy began in 1991, India had been one of the most over-regulated and closed economies in the world. Market productivity is examined and tests whether the post-reform period shows any improvement in productivity and efficiency in comparison to the pre-reform period. Other subjects are discussed, including the economic value that the urban population of India places on improving the air quality, the cost of sustainable industrial development, industrial water use and analysis of the relationship between the price of oil and the macro economy as it applies to India.

Technological change is vital to maintaining standards of living in modern economies with finite resources and increasingly stringent environmental goals. Successful environmental policies can contribute to efficiency by encouraging, rather than inhibiting, technological innovation. However, little research to date has focused on the design and implementation of environmental regulations that ensure productivity improvements in the face of increasing stringency of environmental regulations. This study models and measures productivity change, which is critical because energy resources are central to sustaining an economy. The traditional issues of measuring productivity change were recast by recognizing that production activity implicitly embodies joint production of market and environmental outputs. Furthermore, the Porter Hypothesis, which states that well designed environmental regulations can potentially contribute to productive efficiency in the long run by encouraging innovation, is tested using firm level data.

Keywords

Air pollution Developing Countries Economic Development Sustainable Development compliance development environment

Authors and affiliations

  • Shunsuke Managi
  • Surender Kumar

There are no affiliations available

Bibliographic information

  • DOI https://doi.org/10.1007/978-0-387-98176-5
  • Copyright Information Springer-Verlag New York 2009
  • Publisher Name Springer, New York, NY
  • eBook Packages Business and Economics
  • Print ISBN 978-0-387-98175-8
  • Online ISBN 978-0-387-98176-5
  • About this book