It is often claimed that there is a trade-off between economic goals and the quality of the environment. For this reason, an environmental input-output optimization model with multiple objectives is formulated. The criteria are the minimization of factor costs to produce the Gross National Product and the minimization of net pollution for a given level of final demand. This chapter examines the environmental impact of economic activity and devolved economic policy in a regional context producing an environmental input-output model for Scotland.
|Title of host publication||Insumo-Producto Regional Y Otras Aplicaciones (Regional Input-Output Applications)|
|Publication status||Published - Jan 2003|
- environmental economics
- input-output models
McGregor, P. G., McNicoll, I. H., Swales, J. K., Yin, Y., & Callico Lopez, J. (Ed.) (2003). The environmental impact of economic activity and devolved economic policy in a regional context: an environmental input-output model of Scotland. In Insumo-Producto Regional Y Otras Aplicaciones (Regional Input-Output Applications)