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Modelling Sustainability of the Austrian Economy with Input-Output Analysis

Modelling Framework and Empirical Application
  • Andrea Stocker
  • Mikuláš Luptačik
Part of the Eco-Efficiency in Industry and Science book series (ECOE, volume 23)

On a scientific as well as a political level, there is wide consensus today that the concept of sustainable development requires integrated approaches to illustrate the interactions between economic, social and environmental concerns. Input-output analysis is regarded as an appropriate framework to provide a comprehensive picture of these linkages as it allows combining bio-physical and social data with economic (monetary) input-output models.

The interrelations between the economic and ecological system affect the flow of material inputs and outputs in many forms. Environmental degradation depends considerably on input quantities, which are taken from and transferred again to the environment in form of emissions and wastes. For the description of these relationships, the concepts of “industrial metabolism” and “societal metabolism” are important. These terms refer to the exchange of materials and energy between ecological and socio-economic systems. According to these concepts physical indicators can be differentiated with respect to input and output indicators.

Keywords

Gross Domestic Product Austrian Economy Natural Capital Material Input Social Sustainability 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media B.V. 2009

Authors and Affiliations

  • Andrea Stocker
    • 1
  • Mikuláš Luptačik
    • 2
  1. 1.Sustainable Europe Research InstituteViennaAustria
  2. 2.Department of Economicsm (Head of Institute of Monetary and Fiscal Policy)Vienna University of Economics and Business AdministrationAustria

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