Surender Kumar & Shunsuke Managi 
The Economics of Sustainable Development 
The Case of India

This book highlights methodological approaches for the economics of sustainable development and brings together recent empirical work done in India, especially by Dr. Surender Kumar and Dr. Shunsuke Managi. Various chapters in this book use Indian data to show the very wide applicability of methodologies in the theory of production for dealing with many empirical issues of environmentally sustainable development in a developing country. I congratulate the authors for the time and effort devoted to compiling this very useful reference on the subject and the publishers for publishing this volume. The methodologies of cost functions, distance functions, and production fu- tions have been used in many recent studies and in the studies reported in this book for environmental valuation. Environmental valuation is required for designing policy instruments like pollution taxes for sustainable development and for meas- ing green GDP. The UN methodology of integrated environmental and economic accounting provides ways of measuring the cost of maintaining environmental resources at sustainable levels or the maintenance cost for estimating green GDP. Some of the chapters in this book show that the methodology of distance functions could be used for estimating the cost of environmentally sustainable development.

Table of Content

Macroeconomic Development and the Environment.- Economic Development and Environment.- Environmental Regulations and Compliance in India.- Intergovernmental Fiscal Transfers and the Environment.- Industrial Development and Benefits and Costs of the Environmental Regulations.- Total Factor Productivity of Indian Industry.- Valuing the Benefits of Air Pollution Abatement.- Environmental Regulation and Production Efficiency.- Cost of Environmentally Sustainable Industrial Development.- Win–Win Opportunities and Environmental Regulation: Test of the Porter Hypothesis.- Industrial Water Demand and Shadow Price.- Environmental Productivity, Oil Prices and Induced Innovations.- Environmental Productivity and Kuznets Curve.- A Global Analysis of Environmentally Sensitive Productivity Growth.- Macroeconomic Effects of Oil Price Shocks.- Energy Prices and Induced Technological Progress.- The Road Ahead.