Working Paper : 2034


Authors Levin, S. and Xepapadeas, A.
Title On the Co-evolution of Economic and Ecological Systems
Abstract This survey provides: a description of common and distinct characteristics of economic and ecological systems; examples of the ways in which these characteristics can be incorporated into models adequately describing the co-evolution of the two component systems to produce a unified economic-ecological system in time, space and appropriate scale; and a discussion of policy design when the policy maker takes into account this co-evolution, along with potential biases when the co-evolution is ignored. We propose the development of integrated assessment models of the co-evolving systems which will embody the variety of common and distinct characteristics identified in this survey. We expect that such an approach will provide useful insights regarding the efficient management of co-evolving ecological-economic systems.
Creation Date 2020-10-01
Keywords economic-ecological systems, co-evolution, space, scale, heterogeneity, uncertainty
Classification JEL Q5, Q57, Q58
File ARRE_LX.pdf (548219 bytes)
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