Modeling Coupled Climate, Ecosystems, and Economic Systems

69 Pages Posted: 15 Jul 2015

See all articles by William A. Brock

William A. Brock

University of Wisconsin, Madison - Department of Economics; University of Missouri at Columbia - Department of Economics

Anastasios Xepapadeas

Athens University of Economics and Business; University of Bologna - School of Economics, Management, and Statistics

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Date Written: July 15, 2015

Abstract

Human economies and ecosystems form a coupled system coevolving in time and space, since human economies use ecosystems services and at the same time affect ecosystems through their production and consumption activities. The study of the interactions between human economies and ecosystems is fundamental for the efficient use of natural resources and the protection of the environment. This necessitates the development and use of models capable of tracing the main interactions, links and feedbacks. In developing this chapter, our objective was to focus on a segment of rapidly developing literature on coupled ecological/economic models with an emphasis on climate change. The advantage of this approach is that it introduces the reader to a very important current research topic, but it also allows, by using climate as the reference ecosystem, the exploration of new modeling approaches which are relevant and useful for the modeling of other types of coupled ecological/economic systems. These include modeling of deep structural uncertainty by using robust control methods, exploring modeling through cumulative carbon budgeting, studying spatial transport phenomena and spatial aspects in economic/ecological modelling.

Keywords: Coupled Ecological/Economic Models, Climate Change, Deep Uncertainty, Robust Control, Cumulative Carbon Budgeting, Energy Balance Climate Models, spatial Aspects in Ecological/Economic Modeling

JEL Classification: Q20, Q40, Q54, Q57

Suggested Citation

Brock, William A. and Xepapadeas, Anastasios, Modeling Coupled Climate, Ecosystems, and Economic Systems (July 15, 2015). FEEM Working Paper No. 066.2015, Available at SSRN: https://ssrn.com/abstract=2630974 or http://dx.doi.org/10.2139/ssrn.2630974

William A. Brock

University of Wisconsin, Madison - Department of Economics ( email )

1180 Observatory Drive
Madison, WI 53706
United States
608-263-6655 (Phone)
608-263-3876 (Fax)

University of Missouri at Columbia - Department of Economics ( email )

118 Professional Building
Columbia, MO 65211
United States

Anastasios Xepapadeas (Contact Author)

Athens University of Economics and Business ( email )

76 Patission Street
Athens, 104 34
Greece

University of Bologna - School of Economics, Management, and Statistics ( email )

Piazza Scaravilli 1
40126 Bologna, fc 47100
Italy

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