energy growth long term relationship under structural breaks evidence from canada 17 latin american economies and the usa abstract we study the relationship and the causal link between electric power consumption epc and gross domestic product gdp both per capita for 17 countries in latin america canada and the usa considering that many of these economies underwent important economic crises in the last three decades we therefore model the epc gdp relationship through a vec specification that allows for structural breaks along with a robust testing methodology of causal links based on the concepts of weak and super exogeneity rather than granger causality evidence favorable to the growth hypothesis epc gdp is found for eight countries while data of three countries support the conservation hypothesis gdp epc for three countries evidence is favorable to the neutrality hypothesis but should be considered with caution as for the remaining five countries the evidence is not conclusive

ecological economic viability as a criterion of strong sustainability under uncertainty strong sustainability according to the common definition requires that different natural and economic capital stocks be maintained as physical quantities separately yet in a world of uncertainty this cannot be guaranteed to therefore define strong sustainability under uncertainty in an operational manner we propose to use the concept of viability viability means that the different components and functions of a dynamic stochastic system at any time remain in a domain where the future existence of these components and functions is guaranteed with sufficiently high probability we develop a unifying and general ecological economic concept of viability that encompasses the traditional ecological and economic notions of viability as special cases it provides an operational criterion of strong sustainability under a mild form of uncertainty and for medium spatial and temporal scales we illustrate this concept and demonstrate its usefulness by applying it to livestock grazing management in semi arid rangelands publication ecological economic viability as a criterion of strong sustainability under uncertainty available from https www researchgate net publication 46490456 ecological economic viability as a criterion of strong sustainability under uncertainty accessed apr 3 2017

sustainability as a fair bequest an evaluation challenge abstract in contrast to conventional approaches the conceptualisation of sustainability as fair bequest makes it possible to consider a finite time horizon valuation is necessary to determine whether the bequest package that is passed on from one generation to the next is fair acknowledging the merits as well as the limitations of economic price theory this paper differentiates between three classes of valuables the essential the useful and the unique it is argued that a fair bequest package should contain items from each of the classes because the three classes are incommensurable fairness of the bequest cannot be expressed by a single figure like a non declining total value of the package we then discuss which methods are appropriate for describing a bequest package with respect to its fairness

reformulation empirical macroeconomic modelling the policy implications of estimated macro econometric systems depend on the formulations of their equations the methodology of empirical model selection and evaluation the techniques of policy analysis and their forecast performance drawing on recent results in the theory of forecasting we question the role of rational expectations criticize a common approach to testing economic theories show that impulse response methods of evaluating policy are seriously flawed and question the mechanistic derivation of forecasts from econometric systems in their place we propose that expectations should be treated as instrumental to agents decisions discuss a powerful new approach to the empirical modelling of econometric relationships offer viable alternatives to studying policy implications and note modifications to forecasting devices that can enhance their robustness to unanticipated structural breaks

fostering change to sustainable consumption and production an evidence based view this note from the field is an edited version of a policy brief summarizing the key findings from the first half of the sustainable consumption research exchange network score for the policy programs in the field of sustainable consumption and production scp we recommend a framework for action to change to scp that mentions the key domains to include food mobility and energy use housing the last two clearly related to urban development it should use a systemic perspective on the scp challenge and differentiate between developed fast developing and base of the pyramid economies score focuses mainly on developed economies and here we propose to differentiate between 1 measures that fit with mainstream beliefs and paradigms here governments could make operational agreements on implementation of instruments like green public procurement stimulating ecodesign etc 2 problems where a rough agreement on goals exists but where change is radical or means are uncertain and hence planning difficult here governments could foster visioning experimentation and support e g international collaboration in leapfrogging programs 3 problems that outright clash with the mainstream beliefs and paradigms here governments could foster informed deliberation on the more fundamental issues related to markets governance and growth 2007 elsevier ltd all rights reserved

strong sustainability critical natural capital and the capability approach this article is an attempt to conceptually improve the notion of strong sustainability by creating a rapprochement between its core concept critical natural capital and the capability approach we first demonstrate that the capability approach constitutes a relevant framework for analysing the multiple links between human well being and critical natural capital second we demonstrate that the rapprochement between critical natural capital and the capability approach can form both the normative basis and the informational basis for a deliberative approach to human development which embraces a strong sustainability perspective this conceptual rapprochement as illustrated in our case study opens up avenues of research towards the practical implementation of human development projects from a strong sustainability perspective

accounting technologies and sustainability assessment models abstract within ecological economics there is recognition of the need for new approaches to decision making to support sustainable development initiatives there is an increasing acknowledgement of the limitations of cost benefit analysis approaches as a measure of the un sustainability of organizational activities these are viewed as particularly inappropriate within the participatory settings that sustainable development proponents seek to foster they also fail to deal with the highly contested nature of sustainable development discourse in contemporary pluralist democracies while advances have been made in the field of multi criteria decision making there is still a relative dearth of versatile models that accommodate monetization in a way that recognizes the limits of calculative technologies this article introduces readers to developments within the accounting discipline designed to support sustainable development decision making and evaluation in particular it proposes sustainability assessment models as a viable alternative to cost benefit analysis sustainability assessment models are based on an inter disciplinary approach that recognizes the need for accountings that facilitate more participatory forms of decision making and accountability as such they address many of the weaknesses in current approaches to cost benefit analysis the authors first experiences with sustainability assessment models were with bp and the united kingdom oil and gas sector where models were developed as a means of making previously external costs more central to organizational decision making later work has included exploration of a range of decision making situations in private and public sector organizations in both the united kingdom and new zealand this has involved more explicit attention to plural values and issues of participation dialogue and democracy

biophysical assessments in evaluating industrial development an experience from taiwan freshwater aquaculture abstract herman e daly noted in 1992 that maintaining the scale of the physical economy within ecological capacity is vital in pursuing sustainability leading to the use of biophysical assessments as a central concept in sustainability analysis from the perspective of ecological economics accordingly this study provides an empirical support for the key role of biophysical assessments in sustainability analysis by presenting the pictures of taiwan freshwater aquaculture from monetary and biophysical perspectives the analytical results demonstrate that freshwater aquaculture contributes to taiwan s economic prosperity from a monetary perspective but causes land subsidence from the biophysical perspective results of this study also indicate the critical role of spatial dimension in biophysical assessments

energy consumption and gdp causality relationship in g 7 countries and emerging markets abstract the causality relationship between energy consumption and income is a well studied topic in energy economics this paper studies the time series properties of energy consumption and gdp and reexamines the causality relationship between the two series in the top 10 emerging markets excluding china due to lack of data and g 7 countries we discover bi directional causality in argentina causality running from gdp to energy consumption in italy and korea and from energy consumption to gdp in turkey france germany and japan hence energy conservation may harm economic growth in the last four countries

accounting for the utilisation of geothermal energy resources within the genuine progress indicator a methodological review abstract the genuine progress indicator gpi was initiated to mainly reflect strong rather than weak sustainability principles and embrace a fisherian understanding of income and capital prior to this review neither existing calculation methodologies nor academic reviews of the gpi had considered the possibility that geothermal energy resources might not deliver sustainable yields although geothermal energy is renewable in the sense of the earth s almost ubiquitous capacity to store heat the resources are frequently utilised at a rate that is unsustainable pressure recovery and fluid heat recharge periods typically endure for several decades or more whenever geothermal resources are utilised unsustainably this paper contends that the gpi should deduct monetary costs for the excess depletion this approach would maintain the gpi s methodological correctness as a measure of sustainable economic welfare in current time terms failure to do so is affirmative of the weak sustainability paradigm inferring that overexploited energy resources can be either fully replaced or partially substituted when their yields begin to diminish this paper sets out a new method for calculating gpi cost deductions for the unsustainable utilisation of geothermal energy resources the outlined approach synthesises existing academic theory concerning geothermal production modes and levelised energy cost calculations

material flow accounting in an irish city region 1992 2002 abstract this paper aims to measure raw material inputs and waste flows in an irish city region in order to analyse i whether there was absolute dematerialisation in the particular case study over the period 1992 2002 and ii whether material consumption and waste generation were decoupled from economic growth and increases in disposable income over the same period it was found that the selected material flow indicators showed no evidence of absolute dematerialisation over the given study period although more recent evidence at the national level suggests that a decline in construction activity and extraction of non metallic minerals has resulted in an absolute reduction in material consumption and it is likely that this will be mirrored at the system boundary level it was found that domestic material consumption dmc per capita and direct material input dmi per capita increased at a faster rate than domestic processed output dpo per capita and direct material output dmo per capita between 1992 and 2002 which indicates relative decoupling of consumption from waste generation in addition it was found that there was relative decoupling of consumption and waste generation from disposable income growth over the study period finally it was found that average dmc and dmi figures for the selected case study were lower than the national averages but broadly similar to results for other city regions in the european union eu on a methodological note it was concluded that material flow accounting mfa for city regions in ireland is constrained due to a lack of disaggregated data for material flows with the exception of local waste data and it is recommended that bottom up analysis should be used to complement disaggregated top down data

measuring sustainable welfare a new approach to the isew abstract sustainability and welfare assessment is a contemporary theme of major scientific and policy relevance requiring the consideration of multiple dimensions and diverse perspectives the economic approach to sustainability and welfare assessment has frequently relied on alternatives or adjustments to gdp widely used as an indicator of macroeconomic performance several authors have proposed alternative indicators such as the isew which intend to measure sustainability and economic welfare in a way that avoids the limitations of gdp namely accounting for the value of externalities the distribution of income and natural resources depletion since daly and cobb 1989 there have been proposed improvements to the isew however its aptitude to represent a sound alternative to gdp is still the subject of scientific debate this paper presents a new approach to the isew named modified isew including new components and methodological changes for the estimation of the index these have the purpose of avoiding some of the index shortcomings and allow for a direct comparison with the gdp which are advantages over previous studies an application is developed for the us case taking advantage of wide data availability and the possibility of comparing the results with previous works the results obtained provide a clearer picture of the success or failure of environmental and social policies namely by avoiding the tampering effect resulting from the cumulative accounting of environmental externalities this work also emphasizes the inadequacy of gdp as a welfare indicator as well as the need to develop and adopt alternative indicators

critical natural capital a socio cultural perspective abstract critical natural capital cnc is commonly defined as that part of the natural environment which performs important and irreplaceable functions so far the challenge to determine the criticality of natural capital nc has mainly been taken up by the natural sciences and the critical functions of nature mainly associated with its life support and ecological services little attention has been paid to the socio cultural functions of nc and to their values for the health and well being of human societies the aim of this paper is to encourage a more complete accounting of the critical functions of nc and its associated values by highlighting the importance of the information functions health recreation amenity education heritage etc for the quality and sustainability of human life it is argued that despite their immaterial and often intangible nature these functions provide many socio economic benefits which might be assessed through both qualitative and quantitative valuation methodologies integration of ecology sociology and economics is essential to operationalize the concept of cnc as a tool for more balanced environmental planning and decision making

self selection and the forecasting abilities of female equity analysts this paper investigates whether there are systematic differences between the forecasting style and abilities of female and male analysts and whether market participants recognize these differences my key conjecture is that only female analysts with superior forecasting abilities enter the profession due to a perception of discrimination in the analyst labor market consistent with this conjecture i find that female analysts issue bolder and more accurate forecasts and their accuracy is higher in market segments in which their concentration is lower further the stock market participants are aware of the male female skill

does gender matter for political leadership the case of u s mayors abstract what are the consequences of electing a female leader for policy and political outcomes we answer this question in the context of u s cities where women s participation in mayoral elections increased from negligible numbers in 1970 to about one third of the elections in the 2000 s a novel data set of u s mayoral elections from 1950 to 2005 was used and a regression discontinuity design was employed to deal with the endogeneity of female candidacy to city characteristics in contrast to most research on the influence of female leadership we find no effect of gender of the mayor on policy outcomes related to the size of local government the composition of municipal spending and employment or crime rates these results hold both in the short and the long run while female mayors do not implement different policies they do appear to have higher unobserved political skills as they have at least a 5 percentage point higher incumbent effect than a comparable male but we find no evidence of political spillovers exogenously electing a female mayor does not change the long run political success of other female mayoral candidates in the same city or of female candidates in local congressional elections

nature roads or hospitals an empirical evaluation of sustainable development preferences while a key proposition is that a sustainable path is one where wealth does not decline whether losses in natural capital can be compensated in wellbeing terms by more produced social or natural capital remains an area of controversy in this paper we seek to better understand preferences for different combinations of assets that comprise part of the asset portfolio of a nation in a study of coastal and marine natural assets we test for the existence of weak or strong sustainability preferences using different compensation options respectively produced capital and natural capital offered to a sample of the public in spain in the case of possible future oil spills as a further element of this test we provide an empirical reflection on aldred 2002 2006 and turner 2007 who speculate that individuals may not view money as compensating for certain environmental losses whereas investments in social assets may offer a more acceptable compensation option our results do appear to circumscribe in some way the acceptability of investing in produced capital and reveal a tendency towards a preference for social capital compensation nevertheless the size of the oil spill and the environmental beliefs of respondents also influence choices over the natural capital compensation option

the role of natural capital in sustaining livelihoods in remote mountainous regions the case of upper svaneti republic of georgia in the greater caucasus of the republic of georgia proponents of a new ski tourism zone and long term timber concessions claim that new wage opportunities will benefit households these developments will also limit access to common pool resources cprs this study uses the sustainable livelihoods framework to identify the conditions under which a development strategy will improve livelihood outcomes in the region analysis of original household survey data in depth interviews and field observation reveals that households depend on cprs for a range of market and non market benefits low income households depend on cprs for up to 60 of their total income ols regression estimates show that households in villages farthest from market centers have a higher income dependence on cprs and are more likely to participate in forest use activities a majority of households report that there are few available substitutes to improve livelihood outcomes a development strategy should secure access to market benefits from cprs or wage income must increase in proportion to lost cpr income and affordable substitutes must be provided access to non substitutable components of cprs must be secured and the distribution of changes in access to natural capital and new wage opportunities must be accounted for

a framework for the practical application of the concepts of critical natural capital and strong sustainability this paper develops a methodology for identifying that natural capital called critical natural capital cnc the maintenance of which is essential for environmental sustainability by consideration of the characteristics of natural capital of the environmental functions that these characteristics enable natural capital to perform and of the importance of these functions to humans and the biosphere it shows how sustainability standards in respect of these environmental functions may be derived the difference between the current situation and these standards is termed the sustainability gap the methodology that emerges from bringing these ideas together into a single analytical framework enables policy makers to identify the extent of current unsustainability the principal causes of it the elements and processes of natural capital the cnc which need to be maintained or restored to close the sustainability gap and the costs of so doing the framework should therefore be of use in identifying priorities and policies for moving towards environmental sustainability

diagnosing discrimination stock returns and ceo gender a vast labor literature has found evidence of a glass ceiling whereby women are under represented among senior management a key question remains the extent to which this reflects unobserved differences in productivity preferences prejudice or systematically biased beliefs about the ability of female managers disentangling these theories would require data on productivity on the preferences of those who interact with managers and on perceptions of productivity financial markets provide continuous measures of the market s perception of the value of firms taking account of the beliefs of market participants about the ability of the men and women in senior management as such financial data hold the promise of potentially providing insight into the presence of mistake based discrimination specifically if female headed firms were systematically under estimated this would suggest that female headed firms would outperform expectations yielding excess returns examining data on s p 1500 firms over the period 1992 2004 i find no systematic differences in returns to holding stock in female headed firms although this result reflects the weak statistical power of our test rather than a strong inference that financial markets either do or do not under estimate female ceos jel j7 g14 j44

inertia and change related to sustainability an institutional approach despite increased awareness of environmental crisis and social inequity the world is becoming more not less unsustainable obviously there is great inertia a disinclination to enact change in f

incorporating resilience in the assessment of inclusive wealth an example from south east australia this paper explores the consequences of changes in a system s resilience on the sustainability of resource allocation decisions as measured by inclusive wealth iw arrow et al in environ resour econ 26 647 685 2003 we incorporate an estimate of resilience in iw by taking account of known or suspected thresholds that can lead to irreversible or practically irreversible changes in the productivity and value of assets and hence social welfare these thresholds allow us to identify policies or projects that may be leading to an increased risk of decline in capital stocks the wealth of the region such risks are not reflected through usual measures of current system performance e g agricultural production we use the goulburn broken catchment in south eastern australia as a case study to explore the significance and practicality of including resilience in inclusive wealth estimates

thresholds in concave renewable resource models abstract a number of renewable resource models some of them just recently published e g about shallow lakes refer to convexities with respect to the resource stock as the source for multiple steady states and associated thresholds this short paper draws attention to the fact that multiple steady states and thresholds are possible in well behaved i e concave models too the ecological consequence is that renewable resource management is sensitive to initial conditions in more cases than so far suggested in the literature

indicators of sustainable development some lessons from capital theory abstract interest in sustainable development has prompted a search for suitable indicators that might complement or supplant the traditional measures of economic success although there is no agreement about the precise meaning of sustainable development one idea which is increasingly in good currency is that sustainable development requires that the stock of capital that one generation passes on to the next be maintained or enhanced further this stock of capital is seen by some to comprise two elements manufactured capital and natural capital the extent to which these are believed to be substitutes or complements is one factor which separates the neoclassical school from some of its critics a premise of this paper is that if capital theory is relevant to sustainable development then it should also be helpful in developing indicators however even within the normal confines of economics capital theory is not a homogeneous body of analysis therefore an exploration of capital theory and its relevance to sustainable development can be expected to generate various perspectives on those measures most useful for gauging the sustainability of economic activity it is these linkages between capital theory in various schools of thought and possible indicators of sustainable development that are the subject of this paper

verifying the solution from a nonlinear solver a case study we are pleased to confirm that any doubt our article mccullough and vinod 2003 hereafter mv03 may have cast on ron shachar and barry nalebuff 1999 hereafter sn99 must be removed we are especially pleased because we thought it quite unfair that other researchers were able to exempt themselves from such detailed scrutiny it appears that such researchers no longer will have the luxury of reneging on their agreement to honor the replication policy as this journal now requires authors of accepted empirical papers to provide all programs and data files for posting on the aer web site as a precondition of publication the primary aim of our article mv03 was to provide a four part methodology for verifying the solution from a nonlinear solver check the gradient examine the trace analyze the hessian and profile the likelihood we adduced copious evidence mv03 p 873 that solvers used by economists can produce inaccurate answers gave examples of different packages giving different answers to the same nonlinear problems mv03 p 874 and showed mv03 pp 873 74 at least in this journal that researchers make no effort to verify the solutions from the solvers that they use we believe this uncritical acceptance of solutions from nonlinear solvers to be a systemic problem in economic research that is why we wrote the article certainly econometrics texts do not show how to verify the solution from a nonlinear solver in passing we also showed how a problem can be too large for conventional pc methods and indicated the failure of replication policies in this journal and other journals we used the data and likelihood function from sn99 to illustrate the methodology in the course of this illustration we noted that the hessian was ill conditioned suggested that there might exist multiple optima and that inference based on the wald statistic was not appropriate we concluded that the solution we found was at best a tentative solution however as shown in shachar and nalebuff 2004 hereafter sn04 when the problem is rescaled the hessian is not ill conditioned they have correctly identified the difference between the condition number of the badly scaled version of the problem that we analyzed in mv03 and the well scaled problem that they have analyzed when the problem is correctly scaled the hessian is well conditioned the model is locally identifiable the problem can be solved on a pc a solution to the problem exists and sn present it in their table 1 though we were aware that rescaling could ameliorate ill conditioning mv03 p 882 we were unaware of the distinction between artificial ill conditioning and inherent ill conditioning so the method we suggested for analyzing the hessian contained an error of omission this error caused us to reach an incorrect conclusion concerning the existence of a solution to the problem we apologize to professors shachar and nalebuff and we thank them for their gracious understanding in this regard accordingly we have amended our prescription for analyzing the hessian see our nearby exchange with david m drukker and vince wiggins 2004 hereafter dw for complete details our

an analysis of risks for biodiversity under the dpsir framework abstract this paper reviews definitions and uses of the driving forces pressures state impacts responses dpsir framework and argues that it is a relevant tool for structuring communication between scientists and end users of environmental information while it is inappropriate as an analytical tool an apparently deterministic causal description of environmental issues inevitably downplays the uncertainty and multiple dimensions of causality inherent in complex environmental and socio economic systems consequently the paper comoplements and reframes dpsir using a complex system methodology based on the distinction between four spheres of sustainability environmental economic social and political and the analysis of their functioning and relationships the pair wise interface aspects are characterised through investigation of the demands and supply of each sphere relative to the others within the resulting conceptual framework each of the five d p s i and r concepts are specified for application in integrative analysis of relationships between policy society economy and biodiversity in one of the world s largest european integrated research projects on biodiversity alarm

critical natural capital revisited ecological resilience and sustainable development abstract the maintenance of critical natural capital is an important objective of sustainable development critical natural capital represents a multidimensional concept as it mirrors the different frameworks of various scientific disciplines and social groups in valuing nature this article revisits the concept of critical natural capital and examines its relation to the concept of ecological resilience i propose that ecological resilience can help a great deal in specifying the ecological criticality of specific renewable parts of the natural capital more specifically i suggest that the degree of ecological resilience is inversely related to the degree of threat ecosystems are prone to the concept of ecological resilience may complement other measures such as integrity or vulnerability in estimating the degree of threat specific ecosystems are exposed to the empirical estimates of ecological resilience add a further criterion in order to build a comprehensive and clear conception of critical natural capital

natural capital as an economic concept history and contemporary issues natural capital is usually presented as a recent concept used for the first time in the 1970s adopted in an important contribution by david pearce in 1988 and widely used by ecological economists in the early 1990s first employed to incorporate natural constraints into the economic lexicon and to oblige economists to take the environment into account the concept has also been used to include the environment in narrow economic valuations to take a global view of these controversial uses this paper reconsiders the genesis of natural capital as an economic concept not in its present day form but from its almost unknown ancient origins in the 1900s 1910s in the writing of alvin s johnson the article first sheds light on this historical and theoretical moment and then shows how it can help interpret current controversies about natural capital

clarifying the epistemology of corporate sustainability abstract business research is placing increasing focus on the relationship between the natural environment and the political concept of sustainable development within this nexus one area labelled corporate sustainability emphasizes the interactions between economic environmental and social values the need to consider multiple values has contributed to a blur in the conceptual landscape this is partly due to the fact that authors often address epistemological challenges on an implicit level moreover hidden ideologies e g the profit maximization paradigm can explain the conceptual obscurity the contribution of this article is twofold firstly a conceptual framework is developed based on the dichotomy of positivism and constructivism a relation is established between these epistemological positions and the analytic treatment of environmental and social values the framework can be applied to increase transparency on epistemological challenges and thereby strengthening construct validity in the field secondly an analysis of the most influential literature from the last 50 years shows that there is a trend of clustering theoretical positions and value constructs without any critical awareness of their philosophical assumptions the authors hope that acknowledgement of a multi paradigmatic approach can help to clarify the epistemology of the research area by establishing pluralism as an explicit position

energy and economic growth in the usa a multivariate approach abstract this paper examines the causal relationship between gdp and energy use for the period 1947 90 in the usa the relationship between energy use and economic growth has been examined by both biophysical and neoclassical economists in particular several studies have tested for the presence of a causal relationship in the granger sense between energy use and economic growth however these tests do not allow a direct test of the relative explanatory powers of the neoclassical and biophysical models a multivariate adaptation of the test vector autoregression var does allow such a test a var of gdp energy use capital stock and employment is estimated and granger tests for causal relationships between the variables are carried out although there is no evidence that gross energy use granger causes gdp a measure of final energy use adjusted for changing fuel composition does granger cause gdp

the relationship between energy and gnp further results this paper reexamines the casuality between gnp and energy consumption by using updated us data for the period 1947 1979 as a secondary contribution we investigate the causal relationship between energy consumption and employment applying sims technique we find no causal relationship between gnp and energy consumption we find further that there is a slight unidirectional flow running from employment to energy consumption economic interpretations of the empirical results are also presented

on the conceptual foundations of ecological economics a teleological approach abstract nature is characterised by the emergence and continued existence of far from equilibrium self organizing dissipative structures ffesods which can be described in terms of their genotypes potentialities and phenotypes realizations if a ffesods genotype is contained within its phenotype we call it an organism we can describe the behaviour of organisms as being teleological we offer three tele for organisms first telos self maintenance development and self realization second telos replication and renewal third telos service to other organisms to other species or to the whole of nature sustainability of an ecosystem requires a balance and harmony between these mutually supporting tele we define the related concepts of stock store and fund we can interpret all living activity be it natural or economic in terms of relationships between funds through the three tele we can characterise the environmental problems in the first world as stemming from too great an emphasis by humans on the first telos through consumerism and too little emphasis on the third telos in the third world we can identify environmental problems with an imbalance towards the second telos reproduction leading to a de emphasis of the third telos the long run solution to global environmental problems must lie in the re establishment of global harmony between the three tele of both humans and non humans

measuring incoordination adjusted sustainability performance during the urbanization process spatial dimensional perspectives abstract urbanization sustainability is intrinsically against incoordination in two distinct forms incoordination across sustainability dimensions and geographical spaces in sustainability performance however the rapid urbanization particularly in those developing countries such as china has been bringing along the problems of dimensional incoordination and spatial incoordination to date existing studies do not address these two forms of incoordination while assessing the sustainable urbanization this paper therefore introduces a measurement model to evaluate the incoordination adjusted sustainability performance during the urbanization process the proposed model is established based on the examinations of the weak strong sustainability perspective and the principle of spatial justice theory the atkinson measure is employed to develop the model a case study of the chongqing city is conducted to illustrate the process of applying the proposed model the outcomes from the case study reveal that the model proposed is effective in gauging and monitoring the status and trajectories of sustainability incoordination during the urbanization process

clarifying protected and utilitarian values of critical capital abstract sustainable development may be defined as a non declining value of capital stocks social natural built and human over time the ability for substitution between and within each stock over time has been widely debated resulting in the identification and then preservation of critical capital stocks we propose that critical can be defined from two ethical perspectives teleological or consequentialist goal or ends based and deontological moral duty and rule based the consequential ethic ensures critical capitals are utilitarian in value and they generate goods and services for the maintenance of human wellbeing whilst deontologically critical capital depends on culturally and psychologically protected values which may vary locally or at least as for e g biodiversity be open to conflicting opinions this separation in the basis for defining critical capital stocks leads to awareness that some tradeoffs between critical capital stocks may be irreconcilable or likely to lead to outrage a framework is developed to guide practitioners as to how to identify critical capital stocks using both protected and utilitarian values examples show that protected values are likely to be specific to community ethnic religious cultural etc and require different methods for resolving substitutability of capital stocks to achieve sustainable development

monetary valuation of ecosystem services it matters to get the timeline right in the abundant literature dealing with the monetary valuation or monetization of ecosystem services mes with very few exceptions the concept is presented as having emerged in 1997 in fact there is a long history starting in the late fifties but largely ignored of sustained attempts to assign monetary values to nature s services these early efforts encountered many conceptual and methodological roadblocks which could not be resolved and led a number of researchers to argue that monetary valuation was not a fruitful approach it is in that context that mes was hailed by some in 1997 as a promising way to integrate environmental goods and services into the logic of economic markets knowledge of the full timeline casts a very different light in particular on the difficulties currently encountered in the practice of mes far from being the expected growing pains of a young discipline these difficulties turn out to be long standing problems that have eluded solution over the last half century and appear intrinsically unresolvable this perspective suggests that at this point it is advisable to look at alternatives to mes for the integration of nature into economic decisions

a multivariate cointegration analysis of the role of energy in the us macroeconomy abstract this paper extends my previous analysis of the causal relationship of gdp and energy use in the usa in the post war period a majority of the relevant variables are integrated justifying a cointegration analysis the results show that cointegration does occur and that energy input cannot be excluded from the cointegration space the results are plausible in terms of macroeconomic dynamics the results are similar to my previous granger causality results and contradict claims in the literature based on bivariate models that there is no cointegration between energy and output

environmental and economic consequences of the overexploitation of natural capital and ecosystem services in xilinguole league china abstract the evaluation of natural capital and environmental services has always been an important step in the implementation of sustainable development concepts and policies the results presented in this study address the demand for environmental support of the economy of xilinguole league in the inner mongolia autonomous region as well as the value of its natural and human made capital the results show that the reliance of the economy of xilinguole league on local and imported non renewable resources coal and minerals decreases both the environmental and economic sustainability of the area emergy based performance indicators of the xilinguole league economy show a low sustainability index esi 0 79 though it is higher than for the chinese economy as a whole esi 0 47 as well as a low percentage of renewable resources being used ren 0 16 though this is higher than for all of china 0 09 in contrast the grassland based livestock sector shows a higher renewability index ren 0 67 and sustainability esi 9 61 the emergy exchange ratios exported emergy imported emergy are calculated to be 4 38 for the livestock system and 4 28 for the xilinguole economy which is much higher than the value of 1 74 for the overall chinese economy indicating uncompensated overexploitation of local systems meat and coal respectively intensified coal exploitation and intensive cattle grazing are discussed to support the decision making process for setting local energy policy and ecological compensation it is proposed that conservation of coal resources avoiding misuse and moderating excess extraction and trade and protection of natural grassland capital are more advantageous in emergy terms than the blind pursuit of accelerated economic growth

early gender gaps among university graduates abstract we use data from six cohorts of university graduates in germany to assess the extent of gender gaps in college and labor market performance twelve to eighteen months after graduation men and women enter college in roughly equal numbers but more women than men complete their degrees women enter college with slightly better high school grades but women leave university with slightly lower marks immediately following university completion male and female full timers work a very similar number of hours per week but men earn more than women across the pay distribution with an unadjusted gender gap in full time monthly earnings of about 20 log points on average including a large set of controls reduces the gap to 5 10 log points the single most important proximate factor that explains the gap is field of study at university

what does corporate strong sustainability actually mean in the real market world a response to bjorn and ropke abstract in a recent issue of the journal of cleaner production bjorn and ropke 2018 publish an article titled what does it really mean to be a strongly sustainable company a response to nikolaou and tsalis through which they express their concerns over the methodological framework developed by nikolaou and tsalis 2018 bjorn and ropke point out some weaknesses of this methodology suggesting some possible amendments to improve it specifically they raise doubts over the selection of environmental indicators and the definition of thresholds taking into consideration the points discussed by bjorn and ropke this paper aims to analyze the relevant theoretical background on which our framework was built by clarifying the concepts of corporate strong sustainability it also underlines some misconceptions of bjorn and ropke in relation to our framework and their proposed approach as well as making some suggestions for a possible new framework for corporate strong sustainability business oriented approach which encompasses the united nation un 2030 agenda for sustainable development and the corporate strong sustainability principles

environment justice and the capability approach in recent years several studies have attempted to combine the capabilities approach with sustainable development however critics have pointed out that although the capability approach takes the environment into account it has its shortcomings for not being a complete ethical theory our article attempts to go beyond these criticisms and show that the capabilities approach provides a good analytical framework for an environmental justice approach

an aggregate resource efficiency perspective on sustainability a sustainable value application to the eu 15 countries the sustainable value approach integrates the efficiency with regard to environmental social and economic resources into a monetary indicator it gained significant popularity as evidenced by diverse applications at the corporate level however its introduction as a measure adhering to the strong sustainability paradigm sparked an ardent debate this study explores its validity as a macroeconomic strong sustainability measure by applying the sustainable value approach to the eu 15 countries concretely we assessed environmental social and economic resources in combination with the gdp for all eu 15 countries from 1995 to 2006 for three benchmark alternatives the results show that several countries manage to adequately delink resource use from gdp growth furthermore the remarkable difference in outcome between the national and eu 15 benchmark indicates a possible inefficiency of the current allocation of national resource ceilings imposed by the european institutions additionally by using an effects model we argue that the service degree of the economy and governmental expenditures on social protection and research and development are important determinants of overall resource efficiency finally we sketch out three necessary conditions to link the sustainable value approach to the strong sustainability paradigm

revocability and reversibility in societal decision making abstract reversibility and irreversibility are poorly defined in the decision making literature defining reversibility as the ability to maintain and to restore the functional performance of a system is consistent with thermodynamics specification of its crucial terms is case dependent reversibility is coming in degrees from flexibility over rigidity to preclusion with irreversibility as an absolute end further substantiating reversibility considers three variables duration of impacts revoking costs and substitutability substitutability depends on weights assigned to the strict identity or to the functional performance of something valued for given degrees of substitutability revocability of an action is measurable in time dependent revoking costs together with future time and doubt reversibility sets a three dimensional context for societal decision making revealing domes of expanding complexity cost benefit analysis is a useful decision tool at lower complexity but falters at high complexity because there prevail non monetary trade offs a revival and proper use of the concept reversibility are recommended for improved dialog on major societal issues with climate change outstanding as the case where reversibility could turn into absolute irreversibility also shown is the correspondence between reversibility and ecological concepts like resilience lock in tipping points and others

five capital impact assessment appraisal framework based on theory of sustainable well being abstract this paper sets out to formulate an appraisal approach in context with sustainable development in conventional project appraisal such as energy undertakings most emphasis is placed on financial flows and rate of return on infrastructure investments although current greenhouse gas emissions are estimated to pose large costs on future generations these emissions are generally not estimated as part of the investment cost other public goods may also be omitted because their value is not recognized we review conventional cost benefit assessment and propose a new broader evaluation this new evaluation approach is based on the theory that five capital value types support long term well being rather than economic growth alone the theory states that humans depend on the size of stocks and flows from natural manufactured human social and financial capital we describe the five capitals to illustrate the value categories and outline an approach to evaluate all these in the context of energy development

a meta analysis investigation of the direction of the energy gdp causal relationship implications for the growth degrowth dialogue abstract the complex relation between energy use and the economic process has long attracted attention issues such as the scarcity of energy resources energy theory of value degrowth and a growth approaches are closely related to the relationship between energy and development the present study traces the implications of the energy gdp causality dialogue for the context of the growth degrowth debate where the energy development link plays a decisive role in that context the present research investigates the possible existence of a fundamental macro direction of causality between energy use and economic growth that is not influenced by study specific characteristics and events towards this objective we perform a meta analysis that takes into account 158 studies on causality between energy and gdp covering the period 1978 2011 this is the first time to our knowledge that meta analysis has been applied to investigate the direction of the energy and gdp causal relationship the meta analysis results neither support the existence of a fundamental macro direction nor the so called neutrality hypothesis e gdp in the causal relationship between energy consumption and economic growth

energy and economic growth in the usa two decades later replication and reanalysis abstract over two decades ago stern 1993 published evidence in this journal of unidirectional granger causality running from gdp to a raw measure of energy use from a weighted measure of energy use to gdp and of other relations pertaining to labor and capital in this paper we verify the original results and conduct a two fold reanalysis on one hand we revisit granger causality using the toda and yamamoto ty procedure to account for integrated series and on the other we study super exogeneity to establish causal relations between the series our verification exercise confirms the original results and with the ty procedure we achieve a positive reanalysis of the granger causality relations between gdp and energy super exogeneity shows that labor and capital cause gdp and energy use and thus highlight the importance of correctly interpreting econometric procedures these results enhance the reliability of the energy gdp nexus literature

female hires and the success of start up firms in this paper we investigate the relationship between females among the first hires of start up companies and business success our results show that firms with female first hires have a higher share of female workers at the end of the first year after entry further we find that firms with female first hires are more successful and stay longer in the market we conclude that our results support the hypothesis that gender diversity in leading positions is an advantage for start up firms this abstract was borrowed from another version of this item

what does it really mean to be a strongly sustainable company a response to nikolaou and tsalis abstract in a recent issue of this journal nikolaou and tsalis 2018 published a paper titled a framework to evaluate eco and social labels for designing a sustainability consumption label to measure strong sustainability impact of firms products in their paper the authors n t develop a method for identifying strongly sustainable companies as a basis for consumer communication n t test their method on a case study of five chemical companies and conclude that two of these are strongly sustainable essentially because they had obtained a higher number of eco labels than the average across the five companies while we agree with n t on the relevance of applying a strong sustainability perspective in the assessment of companies we are afraid that their method can lead to misguided consumer communication at the root of this concern is that n t 1 use a market average as reference to decide whether a company has a strong or weak sustainability performance and 2 use the number of eco labels as an environmental indicator we lay the foundation of this response by briefly accounting for the academic origin of the weak strong sustainability dichotomy we then present our argument against the method presented by n t this is followed by a proposal for how to improve the method finally we discuss state of the art in strong sustainability assessments of companies taking into account other existing methods that draw on the planetary boundaries concept and life cycle assessment

the impact of gender on voluntary and involuntary executive departure we examine the frequency and conditions of executive departure from s p 1500 firms based upon published news reports we find that female executives are more likely than male executives to depart their positions voluntarily and involuntarily in the presence of controls for firm performance firm governance and human capital we also find that women are less likely than men to depart voluntarily as firm size increases or board size decreases but more likely to be dismissed as the board becomes more male dominated jel g30 g32 g34 j44

the inclusive wealth index a critical appraisal abstract among recent high profile propositions to revise national accounts and to provide new indicators of sustainability and well being the inclusive wealth framework and the related inclusive wealth index iwi undoubtedly stand out as one of the most promising endeavours built up at the confluence of welfare development and sustainability economics the indicator has been designed to bring information about the wealth of nations and their sustainability in a comprehensive way the inclusive wealth framework is nevertheless fraught with limitations due to questionable theoretical assumptions gaps in data availability unrealistic assumptions about the future and inability to account for distributional issues we propose a non exhaustive critical appraisal of the index and its underlying framework we conclude that these limitations undermine its capacity to fulfil the requirements of a satisfactory sustainability indicator we argue that most problems lie in the substantial discrepancy between the inclusive ambition of the indicator and the scarce means to implement it whereas the interconnectedness of the various assets that constitute wealth as well as their complex evolution through time are acknowledged by the proponents of inclusive wealth the way the iwi is computed is rather a mere addition of layers of actuarial like monetary values for a not inclusive yet range of capital assets caution is thus warranted while using such an approach and shorter range alternatives to pursue similar goals are proposed

importance and threat as determining factors for criticality of natural capital abstract an important issue in the debate about the use and conservation of natural ecosystems is the degree to which these ecosystems and their functions should be considered critical this paper presents some guidelines to determine the criticality of natural capital based on two main criteria the first criterion is the importance of natural ecosystems ecological socio cultural and economic and the second is the degree of threat based on the quantity and quality of the remaining natural areas in a given region it is argued that the two criteria are complementary and need to be taken into account simultaneously when determining the criticality of natural capital finally the paper presents and discusses some possibilities for the development of a critical natural capital index for europe

a literature survey on energy growth nexus abstract this paper provides a survey of the recent progress in the literature of energy consumption economic growth and electricity consumption economic growth causality nexus the survey highlights that most empirical studies focus on either testing the role of energy electricity in stimulating economic growth or examining the direction of causality between these two variables although the positive role of energy on growth has become a stylized fact there are some methodological reservations about the results from these empirical studies a general observation from these studies is that the literature produced conflicting results and there is no consensus neither on the existence nor on the direction of causality between energy consumption electricity consumption and economic growth as a policy implication to avoid from conflicting and unreliable results the authors may use the autoregressive distributed lags bounds test two regime threshold co integration models panel data approach and multivariate models including new variables such as real gross fixed capital formation labor force carbon dioxide emissions population exchange rates interest rates etc thus the authors should focus more on the new approaches and perspectives rather than by employing usual methods based on a set of common variables for different countries and different intervals of time

competitive pressure widens the gender gap in performance evidence from a two stage competition in mathematics in two stage elimination math contests participants from four different age groups compete to pass from stage 1 to stage 2 and later to be among the winners although female participants have higher maths grades at school the gender gap reverses in the two stages of the contests more importantly following the same individual participant across different stages we find that the gender gap in performance increases from stage 1 to stage 2 the increase in female underperformance is attributed to higher competitive pressure and alternative explanations based on selection discrimination and differences in reaction to increasing difficulty are ruled out

green economy and related concepts an overview for the last ten years the notion of a green economy has become increasingly attractive to policy makers however green economy covers a lot of diverse concepts and its links with sustainability are not always clear in this article we focus on definitions of green economy and related concepts and an evaluation of these concepts against the criterion of strong and weak sustainability the article serves three purposes firstly we identify and describe diverse theories concepts approaches and tools related to a green economy among these are the theories of environmental economics and ecological economics the concepts and approaches of cleaner production waste hierarchy bio economy industrial ecology circular economy nature based solutions and dematerialization through product servicizing and tools like life cycle assessment and cost benefit analysis secondly we develop a framework that shows the capacity of the green economy concepts approaches and tools to support the transition towards sustainability such a framework can serve as a heuristic to embed diverse concepts and approaches into a green economy framework thirdly we briefly discuss green economy concepts with respect to their impact on strong and weak sustainability depending on the different concepts approaches and tools identified in the green economy framework different degrees of substitutability and trade offs between environmental and economic benefits are allowed and more or less structural changes of our modes of living are required by discussing the notion of green economy and related concepts approaches and tools we seek to make a contribution to their definitions and relationships as a prerequisite for operationalizing green economy

a characterization of sustainability with indicators abstract economists favor the use of criteria to characterize sustainability in practice policy makers use indicators i e measurements based on the current economic state and decisions representing given sustainability issues in this paper i introduce a criterion characterizing sustainability with indicators and thresholds acting as constraints i interpret the thresholds as minimal rights to be guaranteed to all generations and define sustainable trajectories as those satisfying all the constraints at all times the new criterion is a generalized maximin criterion the approach is applied to a simple production consumption economy with non renewable resources to derive some policy recommendations on the use of indicators to deal with sustainability i discuss the implications of such a criterion in terms of trade off between sustainability thresholds efficiency and time consistency in particular the resulting problem is time inconsistent and sustainability thresholds may be revised over time following the time inconsistent policy based on indicators with dynamic revision of the thresholds may however result in a sustained utility path and even in utility growth