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Article Open Access October 07, 2021

Comparison of Weak and Strong Theories of Environmental Sustainability in the Conceptual Context of Sustainable Development

Nima Norouzi 1 and Maryam Fani 1,*
1
Department of Energy Engineering and Physics, Amirkabir University of Technology (Tehran Polytechnic), 424 Hafez Avenue, PO. Box 15875-4413, Tehran, Iran
Publihed in: Universal Journal of Business and Management (Volume 1, Issue 2, 2021)
Page(s): 108-122
DOI: 10.31586/rjees.2021.144
Received
August 26, 2021
Revised
September 30, 2021
Accepted
October 06, 2021
Published
October 07, 2021
Keywords
Natural capital; sustainable development; environmental footprint; biological capacity; human development index; Ecological Economy; Sustainable Economy.
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright: Copyright © The Author(s), 2021. Published by Scientific Publications
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Cite This Article

APA Style
Norouzi, N. , & Fani, M. (2021). Comparison of Weak and Strong Theories of Environmental Sustainability in the Conceptual Context of Sustainable Development. Universal Journal of Business and Management, 1(2), 108-122. https://doi.org/10.31586/rjees.2021.144
ACS Style
Norouzi, N. ; Fani, M. Comparison of Weak and Strong Theories of Environmental Sustainability in the Conceptual Context of Sustainable Development. Universal Journal of Business and Management 2021 1(2), 108-122. https://doi.org/10.31586/rjees.2021.144
Chicago/Turabian Style
Norouzi, Nima, and Maryam Fani. 2021. "Comparison of Weak and Strong Theories of Environmental Sustainability in the Conceptual Context of Sustainable Development". Universal Journal of Business and Management 1, no. 2: 108-122. https://doi.org/10.31586/rjees.2021.144
AMA Style
Norouzi N, Fani M. Comparison of Weak and Strong Theories of Environmental Sustainability in the Conceptual Context of Sustainable Development. Universal Journal of Business and Management. 2021; 1(2):108-122. https://doi.org/10.31586/rjees.2021.144 
@Article{ujbm144,
AUTHOR = {Norouzi, Nima and Fani, Maryam},
TITLE = {Comparison of Weak and Strong Theories of Environmental Sustainability in the Conceptual Context of Sustainable Development},
JOURNAL = {Universal Journal of Business and Management},
VOLUME = {1},
YEAR = {2021},
NUMBER = {2},
PAGES = {108-122},
URL = {/10.31586/rjees-1-2-410.31586/rjees/1/2/4},
ISSN = {2770-1964},
DOI = {10.31586/rjees.2021.144},
ABSTRACT = {Ever since the idea of sustainable development was proposed, how to achieve it has always been the focus of researchers and policymakers. At the same time, in the letters of sustainable development, two approaches of weak sustainability and strong sustainability have been mentioned; Two approaches with different assumptions suggest different policies and will have different consequences. On the other hand, with the increase of environmental concerns in recent decades, the concept of natural capital and physical, human, and social capital has been added to the common literature of economics. Recently, with the collection of data related to the natural capital of nations by the World Bank, the possibility of statistical studies in this field has been provided. In the form of several regression models and at the international level, the present study will analyze the most fundamental difference between the two approaches of weak sustainability and strong sustainability, i.e., the possibility or impossibility of replacing physical capital instead of natural capital. The study results show that natural capital has a direct, positive, and independent role in explaining sustainable development indicators. Even the addition of physical, human, and social capital indicators does not threaten the significant coefficient of natural capital. Therefore, it can be concluded that under the assumption of a strong sustainability model, other types of capital can not replace natural capital.},
}
%0 Journal Article
%A Norouzi, Nima
%A Fani, Maryam
%D 2021
%J Universal Journal of Business and Management

%@ 2770-1964
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%N 2
%P 108-122

%T Comparison of Weak and Strong Theories of Environmental Sustainability in the Conceptual Context of Sustainable Development
%M doi:10.31586/rjees.2021.144
%U /10.31586/rjees-1-2-410.31586/rjees/1/2/4

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AU  - Fani, Maryam
TI  - Comparison of Weak and Strong Theories of Environmental Sustainability in the Conceptual Context of Sustainable Development
T2  - Universal Journal of Business and Management
PY  - 2021
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UR  - /10.31586/rjees-1-2-410.31586/rjees/1/2/4
AB  - Ever since the idea of sustainable development was proposed, how to achieve it has always been the focus of researchers and policymakers. At the same time, in the letters of sustainable development, two approaches of weak sustainability and strong sustainability have been mentioned; Two approaches with different assumptions suggest different policies and will have different consequences. On the other hand, with the increase of environmental concerns in recent decades, the concept of natural capital and physical, human, and social capital has been added to the common literature of economics. Recently, with the collection of data related to the natural capital of nations by the World Bank, the possibility of statistical studies in this field has been provided. In the form of several regression models and at the international level, the present study will analyze the most fundamental difference between the two approaches of weak sustainability and strong sustainability, i.e., the possibility or impossibility of replacing physical capital instead of natural capital. The study results show that natural capital has a direct, positive, and independent role in explaining sustainable development indicators. Even the addition of physical, human, and social capital indicators does not threaten the significant coefficient of natural capital. Therefore, it can be concluded that under the assumption of a strong sustainability model, other types of capital can not replace natural capital.
DO  - Comparison of Weak and Strong Theories of Environmental Sustainability in the Conceptual Context of Sustainable Development
TI  - 10.31586/rjees.2021.144
ER  -