Environment, Regional development, Sustainable development
Abstract
The intensified dimensions of the current environmental problems provoke the modern trends of economic science. The extensive environmental problems ask for their inclusion in the analytical framework of economics and political economy. Currently, the concept of the ecologically sustainable economic development initiates a new scientific debate on the relationship between the environmental system and natural environment. However, there is a considerable gap examines the way in which regional science examines the environmental issues and specifically the sustainable development. The present paper offers an endeavor towards this direction. Specifically, the paper proposes an analytical model with two regions. They have environmental and economic relationship and interdependencies. The model is used as a basis for examining a plausible number of scenarios concerning assumptions for the economic and environmental trends in the two regions. Simulation experiments are performed to estimate and evaluate the effects of these scenarios. As a result, several indicative conclusions for the relationship of the economic growth with natural resources and the environmental quality may be identified.
