Spatial Analysis: Development of Descriptive and Normative Methods with Applications to Economic-Ecological Modelling

53 Pages Posted: 14 Jan 2005

See all articles by Anastasios Xepapadeas

Anastasios Xepapadeas

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

William A. Brock

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

Date Written: December 2004

Abstract

This paper adapts Turing analysis and applies it to dynamic bioeconomic problems where the interaction of coupled economic and ecological dynamics over space endogenously creates (or destroys) spatial heterogeneity. It also extends Turing analysis to standard recursive optimal control frameworks in economic analysis and applies it to dynamic bioeconomic problems where the interaction of coupled economic and ecological dynamics under optimal control over space creates a challenge to analytical tractability. We show how an appropriate formulation of the problem reduces analysis to a tractable extension of linearization methods applied to the spatial analog of the well known costate/state dynamics. We illustrate the usefulness of our methods on bioeconomic applications, but the methods have more general economic applications where spatial considerations are important. We believe that the extension of Turing analysis and the theory associated with dispersion relationship to recursive infinite horizon optimal control settings is new.

Keywords: Spatial analysis, Economic-ecological modelling

JEL Classification: Q2, C6

Suggested Citation

Xepapadeas, Anastasios and Brock, William A., Spatial Analysis: Development of Descriptive and Normative Methods with Applications to Economic-Ecological Modelling (December 2004). Available at SSRN: https://ssrn.com/abstract=643761 or http://dx.doi.org/10.2139/ssrn.643761

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

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

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
177
Abstract Views
1,417
Rank
306,387
PlumX Metrics