Production, Growth, and the Environment (häftad)
Format
Häftad (Paperback / softback)
Språk
Engelska
Antal sidor
360
Utgivningsdatum
2017-03-30
Förlag
CRC Press
Illustratör/Fotograf
53 black & white tables 89 black & white illustrations
Illustrationer
53 Tables, black and white; 89 Illustrations, black and white
Antal komponenter
1
Komponenter
,
ISBN
9781138075092
Production, Growth, and the Environment (häftad)

Production, Growth, and the Environment

An Economic Approach

Häftad Engelska, 2017-03-30
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Written in a way that facilitates understanding of complex concepts, laws, and policy, Production, Growth, and the Environment: An Economic Approach explores how economic growth usually makes people better off, but also asks at what environmental cost? These costs are not often realized until after the fact, when their remediation is more expensive, and sometimes not reversible. Very few books on environmental economics model the joint production of desirable and undesirable outcomes in any depth. This book fills that void. It discusses the demographic transition and the escape from the Malthusian trap. It also covers the environmental Kuznets curve hypothesis that examines the relation between polluting outputs and economic welfare. The book integrates environmental valuation methods with the production possibility frontier (PPF) approach. It presents both types of outcomes in a PPF framework that accounts for scarcity and allows the concepts of technical and allocative efficiencies to be introduced and measured. The PPF can then measure technological progress/regress and can be used to measure whether resource use is sustainable over time. It can also be used to determine shadow prices for non-market desirable outputs such as ecological services and non-market undesirable by-products such as SO2, NOx, and CO2 that arise from fossil fuel combustion. The beauty of the PPF framework is that it can be depicted in simple two-dimensional diagrams that make the concepts easy to understand. The author uses this framework to introduce concepts such as technical efficiency, allocative efficiency, technological progress/regress, shadow pricing, externalities, public goods, pollution taxes, and permits. In addition, each chapter has numerous problems and discussion questions that provide examples and practice in using the introduced theories. The book also includes a chapter that shows how the solver routine in Excel can be used to measure technical and allocative efficiency. This gives you the tools to examine all outcomes and therefore make a decision that takes into account the environmental challenges along with any economic benefits.
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"I strongly recommend Production, Growth, and the Environment: An Economic Approach as a useful textbook for professors who teach the courses such as environmental economics and ecological economics. This textbook introduces a production possibility frontier framework, which accounts for undesirable (bad) outputs as joint by-products of desirable (good) outputs. This framework allows one to gauge technical efficiency, allocative efficiency, technological change, and shadow prices of bad outputs. Students can learn how the measures of technical and allocative efficiency can be calculated by using the solver routine in EXCEL. Furthermore, numerous examples and questions help students learn how to apply the theory to environmental and ecological issues and problems. Therefore, this is an excellent textbook for junior/senior college students and graduate students who would like to learn environmental economics and environmental science." -Hirofumi Fukuyama, Faculty of Commerce, Fukuoka University, Japan "The topics covered in Production, Growth, and the Environment: An Economic Approach reflect Professor Weber's expertise and interests in public economics, production theory, performance in general and especially in the presence of externalities and always as a highly skilled applied economist. This volume is distinguished from the many textbooks in environmental economics by explicitly including state of the art frontier methods of performance measurement when production results in undesirable byproducts-an area in which he has published extensively. This book makes this new material accessible-including real world data and easy to use spreadsheet code and problems, which should prove useful for instructor and students alike." -Shawna Grosskopf, Professor Emerita, Oregon State University, Corvallis, USA "This book manages to ground a series of timely and compelling environmental problems in rigorous economic theory, in a way that is fresh and engaging. It also provides a much needed production-oriented perspective. This would be an ideal text to use in an advanced undergraduate or master's level course. The numerous well-developed numerical examples and exercise problems also make this an excellent teaching resource." -Moriah Bostian, Lewis & Clark College

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Innehållsförteckning

Introduction Economic Growth and the Environment Brief History of Environmental Economics Tragedy of the Commons Scarcity and the Laws of Thermodynamics Circular Flow of Income and Spending Evaluating Environmental Policy Efficiency, Equity, Growth, Stability, and Flexibility "Law" of Unintended Consequences Limits to the Economic Approach Questions to Ponder Review of Microeconomic Tools Markets and Prices Utility Theory Demand Supply Trade Creates Value Technical Note on Consumer's Surplus Changes in Demand and Supply Returns to Scale Equal Marginal Cost Principle Pareto Efficiency and Equity Problems Indicators of Environmental and Economic Well-Being Policies and Instruments Cancer Life Expectancy Grain Yields Solid Waste Oil Spills and Water Quality Air Pollution Carbon and Chlorofluorocarbon Emissions Questions to Ponder Economic Growth and the Environment Malthusian Trap Escape from the Malthusian Equilibrium Demographic Transition Stages of Economic Development Environmental Kuznets Curve Hypothesis Dynamic EKC Models Environmental Justice Race to the Bottom? Problems Joint Production of Desirable and Undesirable Outputs Production Possibilities with Two Desirable Outputs Production with Desirable and Undesirable Outputs Theory View of the Two Koreas at Night Technical Efficiency Technical Efficiency with Two Desirable Outputs Technical Efficiency with Desirable and Undesirable Outputs Allocative Efficiency Two Desirable Outputs Allocative Efficiency with a Desirable and Undesirable Output Input Allocative Efficiency Productivity Change Productivity Change with Desirable Outputs Productivity Change with Desirable and Undesirable Outputs Aggregate Production Possibilities Frontier Regulated Production Possibilities Sustainability Problems Estimating Environmental Performance Data Envelopment Analysis DEA Reference Technology DEA with Desirable Outputs and Inputs DEA with Undesirable Outputs Measuring Efficiency Using DEA Output Distance Function Technical Efficiency with Undesirable Outputs Using Excel to Estimate Technical Efficiency Revenue Efficiency Limits of the DEA Approach Problems Public Goods and Bads Characteristics of Public Goods and Bads Efficiency Conditions for Public Goods and Bads Political Process and Lindahl Equilibrium Fiscal Federalism Dominant Assurance Contracts Climate as a Public Good Questions and Problems Externalities and Common Property Resources Is the Price Right? Trade with Spillover Costs and Benefits Efficiency in the Presence of Externalities Common Property Resources Internalizing Externalities through Taxes and Subsidies Using Property Rights to Internalize External Costs and Benefits Uncertainty and the Choice between Taxes and Permits Negotiation and Bargaining Social Contract Pigouvian Tax to Reduce Global Warming Regional Differences in the Damages of Pollution Problems Valuing Environmental Resources Introduction Travel Cost Approach Hedonic Price Approach Compensating Wage Differentials and Hedonic Wages Weak Complementarity Approach Contingent Valuation Method Shadow Pricing Valuing Nonmarket Outputs Valuing Un-priced Inputs Problems Endangered Species Introduction Unintended Consequences of the ESA Economics and Endangered Species Noah's Ark Problem Habitat Protection CITES Choosing Distinctive Sites Problems and Questions to Ponder Interest Rates, Cost-Benefit Analysis, and Nonrenewable Resources Rate of Time Preference Time Value of Money Social Rate of Discount Do Biofuels Pass the Cost-Benefit Test? Hyperbolic Discounting Resource Extraction Trends in Nonrenewable Resource Prices Problems Renewable Resources Not Enough Fish in the Sea Bioeconomic Fishery Model Biological Growth Functions Static Bioeconomic Equilibrium Aspects of Dynamic Bioeconomic Equilibrium Policies to Reduce Overfishing Two Examples of Overexploitation: Whales and Buffalo