A dimensionally consistent aggregation framework for biophysical metrics
We develop a formal representation of the economy-ecosystem interaction problem by distinguishing between stock-flow, and fund-flux spaces (Georgescu-Roegen, 1971). We then define dimensionless quantities in both the cardinal stock-flow space and the ordinal fund-flux space. This leads to analytic definitions of natural capital and natural income in the fund-flux space. We show that a stock-fund representation of the economy-ecosystem interaction problem helps investigate aggregation properties of biophysical metrics. In particular, we show how a metric that is dimensionally consistent in the stock-flow space can have dimensional problems in the fund-flux space. Ecological footprint is used as an illustrative example. Finally, we argue that dimensionally consistent metrics are keys to further the development of biophysical assessments as a tool for practical environmental policy.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Turner, Karen & Lenzen, Manfred & Wiedmann, Thomas & Barrett, John, 2007. "Examining the global environmental impact of regional consumption activities -- Part 1: A technical note on combining input-output and ecological footprint analysis," Ecological Economics, Elsevier, vol. 62(1), pages 37-44, April.
- Mayumi, Kozo & Giampietro, Mario, 2010. "Dimensions and logarithmic function in economics: A short critical analysis," Ecological Economics, Elsevier, vol. 69(8), pages 1604-1609, June.
- Geoffrey P. Hammond & Adrian B. Winnett, 2009. "The Influence of Thermodynamic Ideas on Ecological Economics: An Interdisciplinary Critique," Sustainability, MDPI, Open Access Journal, vol. 1(4), pages 1-31, December.
- Ayres, Robert U., 1998. "Eco-thermodynamics: economics and the second law," Ecological Economics, Elsevier, vol. 26(2), pages 189-209, August.
- Ferng, Jiun-Jiun, 2009. "Applying input-output analysis to scenario analysis of ecological footprints," Ecological Economics, Elsevier, vol. 69(2), pages 345-354, December.
- Wernick, Iddo K. & Ausubel, Jesse H., 1995. "National material metrics for industrial ecology," Resources Policy, Elsevier, vol. 21(3), pages 189-198, September.
- Hubacek, Klaus & Giljum, Stefan, 2003. "Applying physical input-output analysis to estimate land appropriation (ecological footprints) of international trade activities," Ecological Economics, Elsevier, vol. 44(1), pages 137-151, February.
- Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753, January.
- Cleveland, Cutler J. & Ruth, Matthias, 1997. "When, where, and by how much do biophysical limits constrain the economic process?: A survey of Nicholas Georgescu-Roegen's contribution to ecological economics," Ecological Economics, Elsevier, vol. 22(3), pages 203-223, September.
- Wiedmann, Thomas & Minx, Jan & Barrett, John & Wackernagel, Mathis, 2006. "Allocating ecological footprints to final consumption categories with input-output analysis," Ecological Economics, Elsevier, vol. 56(1), pages 28-48, January.
- Ayres, Robert U., 1999. "The second law, the fourth law, recycling and limits to growth," Ecological Economics, Elsevier, vol. 29(3), pages 473-483, June.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:70:y:2011:i:5:p:900-909. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.