The Persistence of Ecological-Economic Systems: Alternate Measures and Their Properties

27 Pages Posted: 17 Oct 2002

See all articles by Amitrajeet A. Batabyal

Amitrajeet A. Batabyal

Rochester Institute of Technology (RIT) - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: 2002

Abstract

A number of ecologists and some economists have commented on the significance of persistence as a stability concept for jointly determined ecological-economic systems. This notwithstanding, the economics and the regional science literatures have paid scant attention to the problem of computing an ecological-economic system's persistence. As such, this paper has two objectives. First, we derive three measures of the persistence of a jointly determined ecological-economic system whose temporal behavior is governed by the presence of thresholds. Next, we compare and contrast these three measures. Finally, we discuss their theoretical properties and their practical uses.

Keywords: Ecological-Economic System, Persistence, Stability, Threshold, Uncertainty

JEL Classification: Q20, D81

Suggested Citation

Batabyal, Amitrajeet A., The Persistence of Ecological-Economic Systems: Alternate Measures and Their Properties (2002). Available at SSRN: https://ssrn.com/abstract=341241 or http://dx.doi.org/10.2139/ssrn.341241

Amitrajeet A. Batabyal (Contact Author)

Rochester Institute of Technology (RIT) - Department of Economics ( email )

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