Optimal Productive Structure for Sustainable Development: Environmental Extended Input-Ouput Analysis

Abstract

The research aims to apply an integrated methodology for optimizing the productive structure of an economy with a view to sustainable development for the Greek economy. The main purpose of the research project is to constitute at the theoretical and applied level a model of synthesis of all economic, environmental, and social designs to optimize the results they create. The analytical approach at the sectoral level and the implementation of input-output analysis ensure effective planning to achieve an adequate level of development and effective response to modern environmental challenges. The objective of the restricted optimization model is to maximize the economy’s growth rate (economic pillar) under air emissions restrictions (environment pillar). The impact of the optimal structure on the workers’ skills and the demand for different occupations (pillar society) will be used to assess the results. The optimization model will be resolved using Evolutionary Optimization Algorithms, which are suitable for multimodal, non-curved, intensely nonlinear, with also nonlinear rather than convex limitations problems.