Economics of sustainable development and the bioeconomy

David Zilberman, Ben Gordon, Gal Hochman, Justus Wesseler

Research output: Contribution to journalArticlepeer-review

33 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)22-37
Number of pages16
JournalApplied Economic Perspectives and Policy
Volume40
Issue number1
DOIs
StatePublished - Mar 1 2018

All Science Journal Classification (ASJC) codes

  • Development
  • Economics and Econometrics

Keywords

  • Adoption
  • Bioeconomy
  • Dynamics
  • Heterogeneity
  • Renewable resources
  • Sustainable development

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