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On the Co-evolution of Economic and Ecological Systems

Simon Levin and Anastasios Xepapadeas ()

No 2034, DEOS Working Papers from Athens University of Economics and Business

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.

Keywords: economic-ecological systems; co-evolution; space; scale; heterogeneity; uncertainty (search for similar items in EconPapers)
JEL-codes: Q5 Q57 Q58 (search for similar items in EconPapers)
Date: 2020-10-01
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