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Incorporating sustainability indicators into a computable general equilibrium model of the Scottish economy

McGregor, P.G. and Swales, J.K. and Turner, K. and Yin, Y. (2005) Incorporating sustainability indicators into a computable general equilibrium model of the Scottish economy. Economic Systems Research, 17 (2). pp. 103-140. ISSN 0953-5314

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Abstract

In recent years, the notion of sustainable development has begun to figure prominently in the regional, as well as the national, policy concerns of many industrialized countries. Indicators have typically been used to monitor changes in economic, environmental and social variables to show whether economic development is on a sustainable path. In this paper we endogenize individual and composite environmental indicators within an appropriately specified computable general equilibrium modelling framework for Scotland. In principle, at least, this represents a very powerful modelling tool that can inform the policy making process by identifying the impact of any exogenous policy change on the key endogenous environmental and economic indicators. It can also identify the effects of any binding environmental targets on economic activity.

Item type: Article
ID code: 6908
Keywords: equilibrium modelling, environmental indicators, sustainability policy, finance, Scotland, Finance, Economic Theory, Economics and Econometrics
Subjects: Political Science > Political institutions (Europe) > Scotland
Social Sciences > Finance
Social Sciences > Economic Theory
Department: Strathclyde Business School > Economics
Faculty of Engineering > Electronic and Electrical Engineering
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 24 Sep 2008
    Last modified: 04 Sep 2014 16:35
    URI: http://strathprints.strath.ac.uk/id/eprint/6908

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