Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2019.106464 |
An integrated biophysical and economic modeling framework for long-term sustainability analysis: the HARMONEY model | |
King, Carey W. | |
2020-03-01 | |
发表期刊 | ECOLOGICAL ECONOMICS
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ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2020 |
卷号 | 169 |
文章类型 | Article |
语种 | 英语 |
国家 | USA |
英文摘要 | This paper derives a long-term dynamic growth model that endogenously links biophysical and economic variables in a stock-flow consistent manner. The two industrial sector HARMONEY (Human And Resources with MONEY) model enables exploration of interdependencies among resource extraction rate and depletion; the accumulation of population, capital, and debt; and the distribution of money flows within the economy. Using a post-Keynesian economic framework, we find that wage share declines after the model reaches a constant per capita resource extraction rate, with the level of investment and markup on costs determining the rate of decline. This pattern is consistent with data for the United States. Thus, the model framework enables realistic investigation of trade-offs between economic distribution, size, and resources consumption between sectors as well as between labor and capital. These trade-offs are core to the debates regarding environmental and socioeconomic sustainability. This model serves as a platform upon which to add features to explore long-term sustainability questions such as a transition to low-carbon energy. |
英文关键词 | Energy Resources Macroeconomics Post-Keynesian Dynamics Long-term growth |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000510953600051 |
WOS关键词 | USEFUL WORK ; ENERGY ; DYNAMICS ; COLLAPSE ; SYSTEM ; INCOME ; GOODS ; US |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/278980 |
专题 | 资源环境科学 |
作者单位 | Univ Texas Austin, Energy Inst, 2304 Whitis Ave,C2400, Austin, TX 78712 USA |
推荐引用方式 GB/T 7714 | King, Carey W.. An integrated biophysical and economic modeling framework for long-term sustainability analysis: the HARMONEY model[J]. ECOLOGICAL ECONOMICS,2020,169. |
APA | King, Carey W..(2020).An integrated biophysical and economic modeling framework for long-term sustainability analysis: the HARMONEY model.ECOLOGICAL ECONOMICS,169. |
MLA | King, Carey W.."An integrated biophysical and economic modeling framework for long-term sustainability analysis: the HARMONEY model".ECOLOGICAL ECONOMICS 169(2020). |
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