Economics of Sustainable Development and the Bioeconomy

David Zilberman*, Ben Gordon, Gal Hochman, J.H.H. Wesseler

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

27 Citations (Scopus)

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 resources, and development of the bioeconomy, which relies on biological processes and feed-stock 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
Pages (from-to)22-37
JournalApplied Economic Perspectives and Policy
Volume40
Issue number1
DOIs
Publication statusPublished - 16 Feb 2018

Keywords

  • Sustainable development
  • bioeconomy
  • dynamics
  • heterogeneity
  • adoption
  • renewable resources

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