An (in)efficiency based measurement of economic resilience

Koen Mondelaers; Ludwig Lauwers

An (in)efficiency based measurement of economic resilience

Koen Mondelaers
, Ludwig Lauwers

Social Sciences

Research output: Contribution to conference › Paper

Abstract

The ecosystem and the economic subsystem are interlinked. In fact, it is the overconsumption of scarce resources or the overproduction of bad outputs at economic system level that causes a great part of the imbalances at the ecosystem level. Some imbalances do not originate at the economic system level, but are due to external factors. Given the possibility of external shocks, respecting static sustainability thresholds is not a guarantee for system sustainability. In a dynamic setting, the concept of resilience is therefore helpful. In this paper we show how this concept can complement the traditional efficiency approach to come to a sustainable value creating economic system.

Translated title of the contribution	Een (in) efficiëntiegebaseerde meting van economische schokvastheid
Original language	English
Number of pages	12
Publication status	Published - 2011
Event	EAAE 2011 Congress; Change and Uncertainty: Challenges for Agriculture, Food and Natural Resources - Zürich, Switzerland Duration: 30-Aug-2011 → 2-Sept-2011

Conference

Conference	EAAE 2011 Congress; Change and Uncertainty: Challenges for Agriculture, Food and Natural Resources
Country/Territory	Switzerland
City	Zürich
Period	30/08/11 → 2/09/11

Cite this

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title = "An (in)efficiency based measurement of economic resilience",

abstract = "The ecosystem and the economic subsystem are interlinked. In fact, it is the overconsumption of scarce resources or the overproduction of bad outputs at economic system level that causes a great part of the imbalances at the ecosystem level. Some imbalances do not originate at the economic system level, but are due to external factors. Given the possibility of external shocks, respecting static sustainability thresholds is not a guarantee for system sustainability. In a dynamic setting, the concept of resilience is therefore helpful. In this paper we show how this concept can complement the traditional efficiency approach to come to a sustainable value creating economic system.",

author = "Koen Mondelaers and Ludwig Lauwers",

note = "Mondelaers, K. and Lauwers, L. (2011). An (in)efficiency based measurement of economic resilience. Contributed paper session: producing under risk. XIIIth Congress of the European Association of Agricultural Economists. Change and Uncertainty. Zurich, Switzerland, ETH Zurich, August 30 to Sept. 2, 2011.; EAAE 2011 Congress; Change and Uncertainty: Challenges for Agriculture, Food and Natural Resources ; Conference date: 30-08-2011 Through 02-09-2011",

year = "2011",

language = "English",

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T1 - An (in)efficiency based measurement of economic resilience

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AU - Lauwers, Ludwig

N1 - Mondelaers, K. and Lauwers, L. (2011). An (in)efficiency based measurement of economic resilience. Contributed paper session: producing under risk. XIIIth Congress of the European Association of Agricultural Economists. Change and Uncertainty. Zurich, Switzerland, ETH Zurich, August 30 to Sept. 2, 2011.

PY - 2011

Y1 - 2011

N2 - The ecosystem and the economic subsystem are interlinked. In fact, it is the overconsumption of scarce resources or the overproduction of bad outputs at economic system level that causes a great part of the imbalances at the ecosystem level. Some imbalances do not originate at the economic system level, but are due to external factors. Given the possibility of external shocks, respecting static sustainability thresholds is not a guarantee for system sustainability. In a dynamic setting, the concept of resilience is therefore helpful. In this paper we show how this concept can complement the traditional efficiency approach to come to a sustainable value creating economic system.

AB - The ecosystem and the economic subsystem are interlinked. In fact, it is the overconsumption of scarce resources or the overproduction of bad outputs at economic system level that causes a great part of the imbalances at the ecosystem level. Some imbalances do not originate at the economic system level, but are due to external factors. Given the possibility of external shocks, respecting static sustainability thresholds is not a guarantee for system sustainability. In a dynamic setting, the concept of resilience is therefore helpful. In this paper we show how this concept can complement the traditional efficiency approach to come to a sustainable value creating economic system.

M3 - Paper

T2 - EAAE 2011 Congress; Change and Uncertainty: Challenges for Agriculture, Food and Natural Resources

Y2 - 30 August 2011 through 2 September 2011

ER -