Macroeconomics versus environmental-macroeconomics

Dodo J. Thampapillai*

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    7 Citations (Scopus)


    When environmental macroeconomic frameworks replace standard macroeconomic frameworks differences in policy outcomes ensue. The non-recognition of real environmental capacity constraints could explain the inability of standard frameworks to deliver on certain macroeconomic goals. Herein, environmental capital depreciation is internalised into analytic frameworks of factor utilisation, aggregate demand and aggregate supply. The analyses reveal that restricted income and wage domains alongside limited environmental capacity constrain economic performance. Hence, environmental capacity expansion and initiatives towards sustainability warrant specific attention. Illustrations are made with reference to the Australian economy and her response to the 2008-2010 global financial crisis.

    Original languageEnglish
    Pages (from-to)332-346
    Number of pages15
    JournalAustralian Journal of Agricultural and Resource Economics
    Issue number3
    Publication statusPublished - Jul 2012


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