An (in)efficiency based measurement of economic resilience

Koen Mondelaers; Ludwig Lauwers

An (in)efficiency based measurement of economic resilience

Vertaalde titel van de bijdrage: Een (in) efficiëntiegebaseerde meting van economische schokvastheid

Koen Mondelaers, Ludwig Lauwers

Landbouw en Maatschappij

Onderzoeksoutput: Bijdrage aan congres › Paper

Uittreksel

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.

Vertaalde titel van de bijdrage	Een (in) efficiëntiegebaseerde meting van economische schokvastheid
Oorspronkelijke taal	Engels
Aantal pagina’s	12
Publicatiestatus	Gepubliceerd - 2011
Evenement	EAAE 2011 Congress; Change and Uncertainty: Challenges for Agriculture, Food and Natural Resources - Zürich, Zwitserland Duur: 30-aug.-2011 → 2-sep.-2011

Congres

Congres	EAAE 2011 Congress; Change and Uncertainty: Challenges for Agriculture, Food and Natural Resources
Land/Regio	Zwitserland
Stad	Zürich
Periode	30/08/11 → 2/09/11

Dit citeren

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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",

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AU - Lauwers, Ludwig

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PY - 2011

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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

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