Document Type
Conference Proceeding
Publication Date
7-1-2013
Subjects
Ecology -- Economic aspects, Environmental sciences -- Simulation methods, Environmental management -- Decision making
Abstract
This article describes collaboration between system dynamicists and economists to model a multi-sector, ecological-economic model of population and resource dynamics that is firmly based on economic theory and leverages the strengths of both fields. This model illuminates how an SD approach allows model complexity to be extended in order to effectively model interactions between an economic system and an ecological system. Specifically, the simulation exercise demonstrates how SD model analysis can help explain the counterintuitive model behaviors due to increases in the natural resource carrying capacity or regeneration rate. The simulation results also reveal that allowing for out-of-equilibrium states (adaptation) significantly impacts the dynamics of ecological economic systems, a point often neglected in the economics literature. These findings, while familiar to system dynamicists, highlight the potential for SD to contribute to other disciplines, including economics.
Persistent Identifier
http://archives.pdx.edu/ds/psu/17599
Citation Details
Uehara T., Y. Nagase, W. Wakeland, “Integrating Economics and System Dynamics Approaches for Modeling an Ecological-Economic System,” Proc. 31st Int’l System Dynamics Conference, Boston, July, 2013.
Using System Dynamics to Contribute to Ecological Economics
Description
Presented at the 31st International System Dynamics Society Conference, Cambridge, Massachusetts
Conference presentation is available below in the Additional Files.