Environmental Economics for Sustainable Growth: A Handbook for Practitioners

Environmental Economics for Sustainable Growth: A Handbook for Practitioners

by Anil Markandya, Lorenzo Bellu, Vito Cistulli, Patrice Harou
     
 

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ISBN-10: 1840643064

ISBN-13: 9781840643060

Pub. Date: 01/01/2002

Publisher: Elgar, Edward Publishing, Inc.

Written by individuals who have been involved in the "Political Economy of the Environment" program of the World Bank Institute, this volume presents the economic tools used by the program to choose between policy- and decision-making processes at macro, sector, and project levels for development programs. The aim of the work is to integrate economy-wide policies

Overview

Written by individuals who have been involved in the "Political Economy of the Environment" program of the World Bank Institute, this volume presents the economic tools used by the program to choose between policy- and decision-making processes at macro, sector, and project levels for development programs. The aim of the work is to integrate economy-wide policies with the analytical tools for monetary valuation of environmental impacts. After studying the relationship between policies, laws, regulations, and the environment, revealed and stated preference valuation methods are explored in terms of natural resources and the health impact of air pollution. Annotation c. Book News, Inc.,Portland, OR

Product Details

ISBN-13:
9781840643060
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
01/01/2002
Series:
In Association with the International Bank for Reconstruction and Development/the World Bank Series
Pages:
592
Product dimensions:
6.30(w) x 9.30(h) x 1.40(d)

Table of Contents

List of figuresix
List of tablesxiii
List of boxesxix
Forewordxxi
Acknowledgementsxxiii
1Introduction and structure1
1.1Introduction3
1.2Objectives of the book4
1.3Description of the chapters7
Part IEconomy-Wide Policies and the Environment
2Sustainable development vision in a global context15
2.1The earliest definition of sustainable development17
2.2Economic dimension of sustainable development18
2.3Environmental sustainability20
2.4Social sustainability23
2.5Measures of strong and weak sustainability25
2.6Sustainable development vision in a political context31
2.7Integrating environment and development34
2.8Strategies and political economy37
3Macroeconomic policies and the environment41
3.1Introduction43
3.2Macroeconomic policies and the environment44
3.3Tools and methods of macroeconomic analysis57
3.4Conclusions68
3A1Case study 1: Structural adjustment and sustainable development in Zambia: a study of the impact of macroeconomic policies on the environment74
3A2Case study 2: A general equilibrium model of the Botswana economy, including the livestock sector93
3A3Case study 3: System of national accounts and the environment103
4Sectoral policies and the environment109
4.1Introduction111
4.2Partial or sectoral market equilibrium111
4.3Consumer and producer surplus113
4.4Market failures116
4.5Policy and institutional failures120
4.6Shadow pricing122
4.7Environmental management principles123
4.8Conclusions127
4A1Case study 1: Economic analysis of the beef protocol in Botswana129
4A2Case study 2: GAP analysis: forestry sector135
4A3Case study 3: Land use and sectoral policies142
4A4Case study 4: Energy and industry sectors145
5Policies, instruments and the environment165
5.1Introduction167
5.2Analytical tools167
5.3Optimality of private decisions170
5.4Environmental instruments177
5.5Instruments in practice197
5.6Lessons and conclusions to the chapter211
5.7Problem set214
5.8Solution to problem set215
6Laws, regulations and institutions219
6.1Introduction221
6.2Legal system for environmental protection221
6.3International legal instruments222
6.4Environmental laws222
6.5Environmental institutions231
6.6Conclusions235
6A1List of multilateral treaties and other agreements in the field of the environment238
6A2Discussion notes to check-list242
7National environmental strategies247
7.1Introduction249
7.2Past experience249
7.3Identifying and prioritizing problems254
7.4Defining priorities for action: diagnosing causes257
7.5Defining priorities for action: finding solutions259
7.6Plan implementation260
7.7Conclusions264
7A1Questions for discussion268
8Economy-wide policies and the valuation of environmental impacts269
8.1Introduction271
8.2The project cycle and environmental assessment272
8.3Appraisal of a project with environmental impacts272
8.4Step 1: EA and the with--without analysis275
8.5Step 2: financial and economic appraisal276
8.6Step 3: shadow pricing for market failures278
8.7Step 4: discount rate and comparison of costs and benefits278
8.8Step 5: decision-making with participation286
8.9Conclusion286
Part IIEnvironmental Valuation Methods for Policies and Projects
9Economic principles and overview of valuation methods291
9.1Introduction293
9.2Total economic value of an environmental asset293
9.3Basic concepts of valuation methods296
9.4Overview of valuation methods308
9A1Economics underlying valuation methods320
10Revealed preference: direct proxy methods331
10.1Introduction333
10.2Productivity change method (PCM)336
10.3Substitute cost method (SCM)339
10A1Case study 1: a numerical example of PCM344
10A2Case study 2: a numerical example of SCM353
10A3Technical substitutability of inputs and factors360
11Revealed preference: indirect proxy methods363
11.1Travel cost method365
11.2Hedonic price method (HPM): the conceptual framework371
11A1Exercise 1: Zonal travel cost method (ZTCM): a numerical example379
11A2Exercise 2: Individual travel cost method (ITCM): a numerical example389
11A3Exercise 3: Hedonic price method (HPM): a numerical example403
11A4The linear model for ITCM demand functions416
11A5Mathematical functions for HPM418
12Stated preference: contingent valuation methods421
12.1Contingent valuation method: the conceptual framework423
12.2CVM methodology428
12A1Contingent valuation method: bidding game (CVMBG): numerical examples436
12A2Contingent valuation method: dichotomous choice (CVMD)452
12A3Dichotomous CVM using the logit model: a numerical example465
12A4Dichotomous and polichotomous logit models484
12A5Mean and median maximum WTP in the linear utility difference model486
13Use of monetary values of environmental and natural resources for benefit--cost analysis: an application to a soil moisture conservation project in Tunisia489
13.1Background491
13.2Methodology493
13.3Exercise: case study of the BCA for the Tunisia soil moisture conservation project496
13.4Solution set501
13.5Discussion513
14Use of monetary values of environmental and natural resources in the framework of national accounts: an application to Costa Rica515
14.1Theoretical background517
14.2Methodology518
14.3Exercise: Case study of environmental accounts for Costa Rica521
15Valuing health impacts: a case study of air pollution in New Delhi, India533
15.1Introduction535
15.2Conceptual framework535
15.3Case study: Valuing Health impacts in Delhi545
Index557

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