On cross-system interactions and the sustainability of (economic) development

Denis Stijepic and Helmut Wagner

MPRA Paper from University Library of Munich, Germany

Abstract: We propose a system-theoretical model for analyzing the sustainability of (economic) growth and development. In particular, we set up a general dynamic system describing the dynamics of the economic and non-economic system (where the latter encompasses, e.g., the ecological, socio-cultural, and political subsystem), their interactions, the dynamics of development indicators, and the sustainability concepts. Then, we discuss the major aspects of sustainability in this framework, in particular, drivers of sustainable development and their direct and indirect/cross-system impacts on development indicators, dynamic equilibria in relation to sustainability, cross-system feedbacks, intra-system interactions, critique of non-interdisciplinary sustainability studies, and sustainability policy design.

Keywords: economic growth; economic development; long-run dynamics; sustainability; systems; cross-system interactions; economic system; socio-cultural system; political system; ecological system; dynamic systems theory; dynamic equilibrium (search for similar items in EconPapers)
JEL-codes: A12 O40 (search for similar items in EconPapers)
Date: 2017-12-04, Revised 2018-04-11
New Economics Papers: this item is included in nep-env
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:86147

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