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Modeling Sustainable Economy: Integrating Economic, Environmental, And Population Models

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  • FREDERICK BETZ

    (Portland State University, USA;
    Korea University, Korea)

Abstract

For economic and environmental policies aimed at developing sustainable economies, it is important to have a general modeling approach which can quantitatively connect economic processes with biological and physical processes of the environment. If economic processes cannot be measured as to their real physical/biological impacts, one does not know whether or not such economic processes are sustainable in nature. To create an integrated economic/environmental model, we have mathematically generalized the Leontief's input–output economic model — from vector notation to tensor notation. The use of tensor mathematics for input–output models of both an economy and its environment provides a data architecture to create simulation models of the environmental impact of an economy.

Suggested Citation

  • Frederick Betz, 2013. "Modeling Sustainable Economy: Integrating Economic, Environmental, And Population Models," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 10(01), pages 1-12.
    • Handle: RePEc:wsi:ijitmx:v:10:y:2013:i:01:n:s0219877013500077
    DOI: 10.1142/S0219877013500077
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    Cited by:

    1. Mishal J. Al-Thani & Muammer Koç, 2023. "In Search of Sustainable Economy Definition: A Qatari Perspective," Sustainability, MDPI, vol. 15(13), pages 1-15, June.

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