The Evolving Relationship between Economy and Environment

Theory and the Japanese Experience

  • Kazuhiro Okuma

Part of the Evolutionary Economics and Social Complexity Science book series (EESCS, volume 8)

Table of contents

  1. Front Matter
    Pages i-ix
  2. Overview

    1. Front Matter
      Pages 1-1
    2. Kazuhiro Okuma
      Pages 3-8
  3. Theoretical Analysis

  4. Long-Term Transformation in Japan

  5. Conclusion

    1. Front Matter
      Pages 121-121
    2. Kazuhiro Okuma
      Pages 123-135
  6. Back Matter
    Pages 137-140

About this book


This book sheds new light on the relationship between economy and the environment by approaching the issue from evolutionary and institutional economics. Building a framework of theory and empirical analysis, it provides an in-depth perspective on how economic growth and environmental policy interact and historically evolve.

Orthodox environmental economics usually understands environmental issues under the rules of market economy, while environmental sciences subordinate economy to physical constraints of the environment. Instead of these hierarchical visions, this book recognizes economy and the environment as co-evolving systems.

The theoretical framework is elaborated based on the régulation and post-Keynesian theories combined. An idea of three-dimensional factors—capital, labor, and the environment—leads to conceptual and mathematical models, which will be applicable to wider analyses.

Using this framework, Japanese history is analyzed as a typical example of environmental policy development. Historical transformations of environmental policies and growth regimes are explained using indices and econometric analysis. Experiences of strict regulations with positive economic impacts are also identified.

These works lead to some interesting implications, which include mechanisms, the possibility, and conditions of "green growth''. This book proposes a new approach by bridging the gap between evolutionary–institutional economics and environmental economics, which should be stimulating to them both and possibly open the door for a new research avenue.


Green Growth Régulation Theory Post-Keynesian Theory Kaleckian Model Environmental Policy Environmental Cost Growth Regime

Authors and affiliations

  • Kazuhiro Okuma
    • 1
  1. 1.Tohoku UniversitySendaiJapan

Bibliographic information

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