The Economics of Sustainable Development [Paperback]

Examines the implication for orthodox economic theory of explicitly considering resource depletion, pollution abatement and sustainability.Derived from a Centre for Economic Policy Research joint conference with the OECD Development Centre, the papers in this volume examine the implications of explicitly incorporating resource depletion, pollution abatement and sustainability into orthodox economic theory and macroeconomic debate on the environment.Derived from a Centre for Economic Policy Research joint conference with the OECD Development Centre, the papers in this volume examine the implications of explicitly incorporating resource depletion, pollution abatement and sustainability into orthodox economic theory and macroeconomic debate on the environment.Recent theories of economic growth, fiscal policy and the open economy have important implications for sustainable development. Papers in this volume, derived from a Centre for Economic Policy Research joint conference with the OECD Development Centre, examine the implications of explicitly incorporating resource depletion, pollution abatement and sustainability into orthodox economic theory, while also injecting a macroeconomic debate on the environment.List of figures; List of tables; Preface; Acknowledgements; List of conference participants; 1. Economic policies for sustainable development Ian Goldin and L. Alan Winters; Part I. Growth and the Environment: 2. Pollution and growth: what do we know? Gene M. Grossman; Discussion Gilles Saint-Paul; 3. Does sustainability require growth? Richard Baldwin; Part II. Sustainability: 4. What sustains economic development? Maurice Scott; Discussion Constantino Lluch; 5. Optimal development and the idea of net national product Partha Dasgupta; Appendix; Discussion Philippe Aghion; 6. Sustainable growth and the green golden rule Andrea Beltratti, Graciela Chichilnisky and Geoffrey Heal; Discussion Alistair Ulph; Part III. Domestic Policy: 7. Economic policies for sustainlÃç