DEFINE - A stock-flow-fund ecological macroeconomic model

Yannis Dafermos, Giorgos Galanis & Maria Nikolaidi
DEFINE, 2020
Grado: perito
Perspectivas: Economía ecológica, Economía poskeynesiana
Topic: Macroeconomía, Recursos, medioambiente y clima
Format: Página web
Enlace: https://define-model.org/

On this website, you can learn about heterodox macroeconomic modelling. The DEFINE (Dynamic Ecosystem-FINance-Economy) model draws on post-Keynesian and ecological economics tradition. The website includes a description of the main features, publications, and a visualization tool!

The model produces various scenarios for the future of the ecosystem and the global economy. It can also evaluate the long-run effects of various types of environmental policies and strategies.

Currently, two visualizations are provided:

  1. DEFINE-MATTER on the use of matter and the generation of waste are affected by different factors.
  2. DEFINE-CLIMATE on climate change and how it is affected by economic growth, the share of renewable energy, energy intensity and a climate sensitivity parameter.

Comment from our editors:

Stock-flow consistent (SFC) modelling is one of the most viable alternatives to the dominant DSGE modelling of macroeconomic systems. Among others, SFC modelling guarantees a correct and comprehensive integration of all the flows and the stocks of an economy. Hence, it is great to have pages such as these to learn more about it.

Go to: DEFINE - A stock-flow-fund ecological macroeconomic model

This material has been suggested and edited by:

Jorim Gerrard
Tags: heterodox models | keynesian models | modelling | Stock-Flow consistent (SFC)
A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model
2020
Level: adelantado
A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model
The background for the present elaboration is twofold: firstly, the ongoing debate about whether the Marxian theory of value has been damaged (or even destroyed) by the alleged impossibility of solving the ‘transformation problem’ and secondly, the fact that almost all of the (later) economic manuscripts of Marx are now …
Frank Beckenbach
Review of Evolutionary Political Economy
Repenser le défi écologique
2018
Level: debutante
Repenser le défi écologique
Chercheuse au CNRS, Lauriane Mouysset s'attaque au défi de concilier économie et écologie pour concevoir un développement durable. Pas si simple de faire un choix, lorsqu’il s’agit de penser en amont, à tous les avantages mais aussi aux conséquences qui vont en découler. Peut-être que la clé de tout choix se trouve sur les valeurs fondamentales, celles qui font nos sociétés. Lauriane nous invite à réfléchir à la meilleure façon d’agir et de faire un bon choix face à la crise écologique.
Lauriane Mouysset
TEDxBordeaux
Economy is care
2018
Level: debutante
Economy is care
A short film that questions the current state of the economy with thought-provoking sequences and takes a look into the past how the present understanding of the economy came to be.
Author: Ina Praetorius (WiC - Wirtschaft ist Care) Producer: Hans Jörg Fehle Realisator: Sergio Herencias, Andreas Tanner and others
https://www.economy-is-care.com
The Ukraine War's Multifaceted Economic Fallout
2022
Level: debutante
The Ukraine War's Multifaceted Economic Fallout
The article reviews the effects that the War in Ukraine will have for the global economy.
Mohamed A. El-Erian
Project Syndicate
The Role of Fiscal Policy in Climate Change Mitigation Via Environmental Management and Sustenance in Nigeria
Level: debutante
The Role of Fiscal Policy in Climate Change Mitigation Via Environmental Management and Sustenance in Nigeria
An essay of the writing workshop on contemporary issues in the field of Nigerian economics: The adverse effect of climate change is overwhelming, not just in Nigeria but globally. Global warming is the result of hostile human activities that have impacted the environment negatively. This is the principal variable the government should tackle through practical innovations such as the acceptable implementation of Adaptation Policies and also through the adequate implementation of environmental tax. These will enhance pro-environmental behaviour which is fit for socio-political and economic activities for sustainability.
Ayuba Yahaya Karatu
Exploring Economics
Dependency in Central and Eastern Europe - Self-reliance and the need to move beyond economic growth
2018
Level: adelantado
Dependency in Central and Eastern Europe - Self-reliance and the need to move beyond economic growth
In this essay, the author takes a critical perspective on the pursuit of growth as the solution for providing for environmental sustainability and economic stability in the countries of Central and Eastern Europe. Drawing from the framework of dependency theory and presenting brief insights into European core-periphery relations the author then argues for the implementation of an alternative strategy to development that is built around the concept of self-reliance.
Simon Schoening
Exploring Economics

Donar

Este proyecto es presentado por la Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.) y socios internacionales.  Está comprometida con la diversidad y la independencia y depende de las donaciones de personas como tú. Donaciones regulares o puntuales serán muy apreciadas!

 

Donar