On Cross-System Interactions and the Sustainability of (Economic) Development
20 Pages Posted: 8 Dec 2017 Last revised: 20 Apr 2018
Date Written: April 11, 2018
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
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