On Cross-System Interactions and the Sustainability of (Economic) Development

20 Pages Posted: 8 Dec 2017 Last revised: 20 Apr 2018

See all articles by Denis Stijepic

Denis Stijepic

affiliation not provided to SSRN

Helmut Wagner

University of Hagen (Fernuniversitaet Hagen)

Date Written: April 11, 2018

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

JEL Classification: O40, A12

Suggested Citation

Stijepic, Denis and Wagner, Helmut, On Cross-System Interactions and the Sustainability of (Economic) Development (April 11, 2018). Available at SSRN: https://ssrn.com/abstract=3082438 or http://dx.doi.org/10.2139/ssrn.3082438

Denis Stijepic (Contact Author)

affiliation not provided to SSRN

Helmut Wagner

University of Hagen (Fernuniversitaet Hagen) ( email )

Universitätsstrasse 41
Feithstrathe 140
D-58084 Hagen
Germany
011-49-2331-987-2640 (Phone)
011-49-2331-987-391 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
25
Abstract Views
350
PlumX Metrics