Modelling the balanced transition to a sustainable economy

Georges Bastin () and Isabelle Cassiers
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Georges Bastin: UNIVERSITE CATHOLIQUE DE LOUVAIN, Department of Mathematical Engineering,(ICTEAM)

No 2013014, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: We present a simple mathematical model for the transition to a sustainable economy in order to explore the long-run evolution of an economy that achieves environment protection, full recycling of material resources and limitation of greenhouse gas emissions. The main concern is to investigate how balanced economic paths are modified under public policies for transition to sustainability. We consider a world economy with two subregions that are endowed with greenhouse gas emissions and ecological footprint of OECD and non-OECD countries respectively. Then, for the OECD subregion, three different options are investigated : a green growth option that focuses on accelerating the green technological change, a low growth option that focuses on shifting the structure of the economy towards low carbon and low capital intensive activities and a combined green-low growth option that focuses on the limitation of material resources and the abatement of the ecological footprint.

Keywords: modelling; sustainability; balanced growth; transition (search for similar items in EconPapers)
Pages: 21
Date: 2013-06-09
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2013014

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