Long-term economic growth depends on the dynamics of production factors from natural to physical to human capital, as well as on other inputs, notably, the environmental feedback. The closer humanity approaches the planetary boundaries, the stronger the feedback of the environment becomes to human economic activity. This necessitates the development of new economic growth models capable of generating solutions related to green growth and sustainable development, taking into consideration, inter alia, nonlinear dynamic feedbacks and inherent uncertainties.
ASA has a long tradition of studying models of economic growth and of advancing corresponding methods of optimal control.
Last edited: 10 February 2016
19 Jul 2015 - 31 Jul 2015
International Institute for Applied Systems Analysis (IIASA)
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