Resilience of natural-resource-dependent economies

Activity: Talk or presentationConference PresentationsResearch

Stefan Baumgärtner - Speaker

Martin Friedrich Quaas - Speaker

Daan P. van Soest - Speaker

    We study how human preferences affect the resilience of economies that de-
    pend on more than one type of natural resources. In particular, we analyze whether the degree of substitutability of natural resources in consumer needs may give rise to multiple steady states and path dependence even when resources are managed optimally. This is a major shift in the interpretation and analysis of resilience, from viewing (limited) resilience as an objective property of the economy-environment system to acknowledging its partially subjective, preference-based character. We find that for a given set of initial conditions, society is less willing to buffer exogenous shocks if resource goods are
    complements in consumption than if they are substitutes. Hence, the stronger the complementarity between the various types of resource goods, the less resilient the economy.

    gemeinsam mit Martin F. Quaas und Daan van Soest
    11.09.201113.09.2011

    Event

    13th Annual BIOdiversity and Economics for Conservation Conference - BIOECON 2013: Resource Economics, Biodiversity Conservation and Development

    11.09.1113.09.11

    Genf, Switzerland

    Event: Conference

    Documents

    Recently viewed

    Publications

    1. Leverage points for sustainability transformation
    2. Genetic Implications of Chemical and Textural Properties of Some Fra Mauro Breccias (Apollo 14)
    3. Aspekte der Maschinenästhetik
    4. J.R. Searle
    5. The Law Behind Rule of Law Transfers
    6. Paradoxien entfalten
    7. "The skin and fur on your shoulders"
    8. Alex Callinicos, The Resources of Critique, Polity Press, Cambridge, 2006
    9. Crown and leaf traits as predictors of subtropical tree sapling growth rates
    10. Circular Business Models: OVercoming Barriers, Unleashing Potentials
    11. Selbstkontrolle
    12. An extended kalman filter for time delays inspired by a fractional order model
    13. Disentangling gender and social difference for just and transformative biocultural approaches
    14. Digitisation and Sovereignty in Humanitarian Space
    15. The communicative constitution of academic fields in the digital age
    16. Resolving conflicts between people and over time in the transformation toward sustainability
    17. Blended learning
    18. Zur Einleitung
    19. Specific SBR population behaviour as revealed by comparative dynamic simulation analysis of three full-scale municipal SBR wastewater treatment plants
    20. Self-regulatory thought across time and domains
    21. Der Sozialindex für Hamburger Schulen
    22. On Real Investment by New Ventures
    23. Population genetics and ecological niche modelling reveal high fragmentation and potential future extinction of the endangered relict butterfly Lycaena helle
    24. Comparison of stir bar sorptive extraction and membrane-assisted solvent extraction as enrichment techniques for the determination of pesticide and benzo[a]pyrene residues in Brazilian sugarcane juice
    25. Feuilleton
    26. Merkmal und Strukturen
    27. Microbial nutrient limitation and catalytic adjustments revealed from a long‐term nutrient restriction experiment
    28. Regulatory focus and thinking about the future versus reality.
    29. Charlotte Moth