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Economic Growth by Waste Generation: the Dynamics of a Vicious Circle

In: Emergent Results of Artificial Economics

Author

Listed:
  • Benoît Desmarchelier

    (Lille 1 University)

  • Faridah Djellal

    (Lille 1 University)

  • Faïz Gallouj

    (Lille 1 University)

Abstract

The aim of this article is to explain the overall shape of the waste stream of durable goods in the US economy. For this purpose we construct an agent-based model of economic growth and waste generation and compare this latter variable to the amount of waste of durables generated in the USA between 1960 and 2008. The model highlights a particularly vicious circle in which waste generation becomes a positive factor of economic growth.

Suggested Citation

  • Benoît Desmarchelier & Faridah Djellal & Faïz Gallouj, 2011. "Economic Growth by Waste Generation: the Dynamics of a Vicious Circle," Lecture Notes in Economics and Mathematical Systems, in: Sjoukje Osinga & Gert Jan Hofstede & Tim Verwaart (ed.), Emergent Results of Artificial Economics, pages 129-138, Springer.
    • Handle: RePEc:spr:lnechp:978-3-642-21108-9_11
    DOI: 10.1007/978-3-642-21108-9_11
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    Cited by:

    1. Benoît Desmarchelier & Faridah Djellal & Faïz Gallouj, 2017. "Economic growth, business cycles and products variety: exploring the role of demand satiety," Journal of Evolutionary Economics, Springer, vol. 27(3), pages 503-529, July.
    2. Faridah Djellal & Faïz Gallouj, 2015. "Service innovation for sustainability: paths for greening through service innovation," Working Papers halshs-01188530, HAL.

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