The Economics of Sustainable Development

This book provides a look at the current status and future potential of sustainable development in India. It includes detailed policy scenarios, which offer quantitative assessments of the potential benefits of a well-designed environmental policy

This book highlights methodological approaches for the economics of sustainable development and brings together recent empirical work done in India, especially by Dr. Surender Kumar and Dr. Shunsuke Managi. Various chapters in this book use Indian data to show the very wide applicability of methodologies in the theory of production for dealing with many empirical issues of environmentally sustainable development in a developing country. I congratulate the authors for the time and effort devoted to compiling this very useful reference on the subject and the publishers for publishing this volume. The methodologies of cost functions, distance functions, and production fu- tions have been used in many recent studies and in the studies reported in this book for environmental valuation. Environmental valuation is required for designing policy instruments like pollution taxes for sustainable development and for meas- ing green GDP. The UN methodology of integrated environmental and economic accounting provides ways of measuring the cost of maintaining environmental resources at sustainable levels or the maintenance cost for estimating green GDP. Some of the chapters in this book show that the methodology of distance functions could be used for estimating the cost of environmentally sustainable development.

Provides the first comprehensive analysis of pollution, resource and efficiency using economic methods in India Will serve a reference guide on the environmental regulation in India and on various energy, natural resource, and environmental issues affecting the country Includes detailed policy scenarios, which provide quantitative assessments of potential benefits that indicate the significance of potential benefits of technological change and well-designed environmental policy Helps understand how successful market and environmental policies can contribute to efficiency by encouraging, rather than inhibiting, technological innovation Includes supplementary material: sn.pub/extras

Inhalt
Macroeconomic Development and the Environment.- Economic Development and Environment.- Environmental Regulations and Compliance in India.- Intergovernmental Fiscal Transfers and the Environment.- Industrial Development and Benefits and Costs of the Environmental Regulations.- Total Factor Productivity of Indian Industry.- Valuing the Benefits of Air Pollution Abatement.- Environmental Regulation and Production Efficiency.- Cost of Environmentally Sustainable Industrial Development.- WinWin Opportunities and Environmental Regulation: Test of the Porter Hypothesis.- Industrial Water Demand and Shadow Price.- Environmental Productivity, Oil Prices and Induced Innovations.- Environmental Productivity and Kuznets Curve.- A Global Analysis of Environmentally Sensitive Productivity Growth.- Macroeconomic Effects of Oil Price Shocks.- Energy Prices and Induced Technological Progress.- The Road Ahead.