Resources, Financial Risk and the Dynamics of Growth

Systems and Global Society
1. Auflage 2020
ISBN: 978-1-138-18735-1
Verlag: CRC Press

Buch, Englisch, 330 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 612 g

This book presents a new System Dynamics model (the ERRE model), a novel stock and flow consistent global impact assessment model designed by the authors to address the financial risks emerging from the interaction between economic growth and environmental limits under the presence of shocks.

Building on the World3-03 Limits to Growth model, the ERRE links the financial system with the energy, agriculture and climate systems through the real economy, by means of feedback loops, time lags and non-linear rationally bounded decision making. Prices and their interaction with growth, inflation and interest rates are assumed to be the main driver of economic failure while reaching planetary limits. The model allows for the stress-testing of fat tail extreme risk scenarios, such as climate shocks, energy transition, monetary policies and carbon taxes. Risks are addressed via scenario analyses, compared to real available data, and assessed in terms of the economic theory that lies behind. The book outlines the case for a government led system change within this decade, where the market alone cannot lead to sustainable prosperity.

This book will be of great interest to scholars of climate change, behavioural, ecological and evolutionary economics, green finance, and sustainable development.

Autoren/Hrsg.

Pasqualino, Roberto

Jones, Aled Wynne

Fachgebiete

• Geowissenschaften Geographie | Raumplanung Geographie: Sachbuch, Reise
• Geowissenschaften Umweltwissenschaften Umweltpolitik, Umweltprotokoll
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Umwelt- und Gesundheitspolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Naturwissenschaften Biowissenschaften Biowissenschaften Biowissenschaften, Biologie: Sachbuch, Naturführer
• Naturwissenschaften Biowissenschaften Biowissenschaften Ökologie
• Geowissenschaften Umweltwissenschaften Nachhaltigkeit

Inhaltsverzeichnis

Part 1: World Models and Limits 1. The First Formal World Models 2. Comparison Between World3 Scenarios and Historical Data 3. Welcome to the Real World! Part 2:Economic Risk, Resources and Environment (Erre) Model 4. The Evolution of Economic Thinking and System Modelling Techniques 5. The ERRE Model 6. ERRE Database, Statistical Validation and Stress test Scenarios 7. Conclusion

Über Autor(innen)

Roberto Pasqualino is Visiting Researcher of the Global Sustainability Institute at Anglia Ruskin University, UK. Roberto’s research interest is in feedback modelling of industrial policies for the analysis of financial risk and sustainability. This involves the nexus between food security, energy transition, and those environmental and economic shocks that have the potential to disrupt systems in a complex world.

Aled Wynne Jones is the inaugural Director of the Global Sustainability Institute (GSI) at Anglia Ruskin University, UK.