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The system dynamics approach for a global evolutionary analysis of sustainable development

Author

Listed:
  • Christophe Feder

    (Aosta Valley University)

  • Beniamino Callegari

    (School of Economics, Innovation and Technology, Kristiania
    Oslo New University College)

  • David Collste

    (Stockholm University)

Abstract

The challenge of pursuing sustainable development highlights the relevance of the complex mechanisms through which natural and social selection processes affect and are affected by the economic system. Current economic development is unsustainable because it fails to generate long-term systemic compatibility between firms and their natural and social environment. This paper evaluates the issue from an evolutionary perspective by conceptualising unsustainability as the emergence of negative macro-selection effects, arising from both the natural and social domains, and argues for a methodological need for closer integration of system dynamics modelling within the evolutionary field. The Earth4All model is then used to illustrate the complex interactions between economic, social, and natural selection processes. The model results illustrate that the current global development trajectory is strongly unsustainable from both a natural and a social perspective, leading to the emergence of relevant natural and social macro-selection mechanisms, whose systemic interactions bring further complex adverse effects.

Suggested Citation

  • Christophe Feder & Beniamino Callegari & David Collste, 2024. "The system dynamics approach for a global evolutionary analysis of sustainable development," Journal of Evolutionary Economics, Springer, vol. 34(2), pages 351-374, April.
    • Handle: RePEc:spr:joevec:v:34:y:2024:i:2:d:10.1007_s00191-024-00866-6
    DOI: 10.1007/s00191-024-00866-6
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    More about this item

    Keywords

    Sustainability; Co-evolution; Systems approach; Macro-selection; Co-selection;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • E14 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Austrian; Evolutionary; Institutional
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • F01 - International Economics - - General - - - Global Outlook

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