Economics of Sustainable Development and the Bioeconomy

David Zilberman, Ben Gordon, Gal Hochman and Justus Wesseler

Applied Economic Perspectives and Policy, 2018, vol. 40, issue 1, 22-37

Abstract: Sustainable development can be attained by policies that are derived by analyses that integrate biophysical considerations into economic models. We show that policies and incentives that correct market failure can attain sustainable development through enhancing conservation, recycling, the use of renewable resources, and development of the bioeconomy, which relies on biological processes and feedstock to produce renewable products. The design of sustainable development policies and analysis of the bioeconomy pose new challenges to applied economists, who are uniquely qualified to integrate economic analysis with biophysical considerations.

Keywords: Sustainable development; bioeconomy; dynamics; heterogeneity; adoption; renewable resources (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (13)

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