Incorporating Sustainability Indicators into a Computable General Equilibrium Model of the Scottish Economy

Linda Ferguson, Peter G McGregor, J Kim Swales, Karen R Turner, Ya Ping Yin

Research output: Working paperDiscussion paper

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 industrialised 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 endogenise 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.
LanguageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Pages1-50
Number of pages52
Volume04
Publication statusPublished - Jun 2004

Fingerprint

Sustainability indicators
Environmental indicators
Computable general equilibrium model
Computable general equilibrium modelling
Policy making
Developed countries
Modeling
Policy change
Economic indicators
Sustainable development
Environmental economics
Economic development
Economic activity
Scotland

Keywords

  • computable general equilibrium modelling
  • environmental indicators
  • sustainability policy

Cite this

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title = "Incorporating Sustainability Indicators into a Computable General Equilibrium Model of the Scottish Economy",
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 industrialised 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 endogenise 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.",
keywords = "computable general equilibrium modelling, environmental indicators, sustainability policy",
author = "Linda Ferguson and McGregor, {Peter G} and Swales, {J Kim} and Turner, {Karen R} and Yin, {Ya Ping}",
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Incorporating Sustainability Indicators into a Computable General Equilibrium Model of the Scottish Economy. / Ferguson, Linda; McGregor, Peter G; Swales, J Kim; Turner, Karen R; Yin, Ya Ping.

13. ed. Glasgow : University of Strathclyde, 2004. p. 1-50.

Research output: Working paperDiscussion paper

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