Conclusion, Discussion, and Recommendations for Future Research
This dissertation studied environmental economic analysis based on an AHP using a structural economic model to establish efficient economic and environmental policy. Economic and environmental policy is efficient if the achievement is obtained with the minimum possible environmental impact without compromising its economic purposes. This study achieved its three primary objectives. The first contribution of this study is its normative importance of evaluating the economy and the environment to achieve sustainable development. Theoretically, this study evaluated an environmental economic system through the efficiency of economic and environmental integration. The second achievement is its application of a standard approach to policy-making and the efficiency is demonstrated by sharing it with other approaches. This study empirically evaluated decision-making based on the economic and environmental indicators of community preferences for a regional road construction project in Makassar, Indonesia. The third achievement is its empirical simulation of how to reduce CO2 emissions through carbon tax policy without sacrificing Makassar City’s economic welfare. The final chapter summarized the primary results of this study.