Many of the frontiers of environmental economics research are at
the interface of large-scale and long-term environmental change
with national and global economic systems. This is also where some
of the most of challenging environmental policy issues occur.
Volume 3 of the Handbook of Environmental Economics provides a
synthesis of the latest theory on economywide and international
environmental issues and a critical review of models for analyzing
those issues. It begins with chapters on the fundamental
relationships that connect environmental resources to economic
growth and long-run social welfare. The following chapters consider
how environmental policy differs in a general-equiIibrium setting
from a partial-equilibrium setting and in a distorted economy from
a perfect economy. The volume closes with chapters on environmental
issues that cross or transcend national borders, such as trade and
the environment, biodiversity conservation, acid rain, ozone
depletion, and global climate change. The volume provides a useful
reference for not only natural resource and environmental
economists but also international economists, development
economists, and macroeconomists.
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