Engineering Commons^™

Using System Dynamics To Contribute To Ecological Economics, Takuro Uehara, Yoko Nagase, Wayne Wakeland

Systems Science Faculty Publications and Presentations

This paper demonstrates the usefulness of the system dynamics approach to the development of ecological economics, the study of the interactions between economic systems and ecological systems. We build and analyze an ecological economic model: an extension of a population–resource dynamics model developed by Brander and Taylor and published in American Economic Review in 1998. The focus of the present paper is on the model building and analysis to contribute to theory building rather than eliciting policy implications from the model. Hence, this is an example of model-based theory building using system dynamics. Our analysis sheds light on several problems …