Complexity Economics and Sustainable Development

A Computational Framework for Policy Priority Inference

AvOmar A. Guerrero,Gonzalo Castañeda

Inbunden, Engelska, 2024

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Beskrivning

The Sustainable Development Goals are global objectives set by the UN. They cover fundamental issues in development such as poverty, education, economic growth, and climate. Despite growing data across policy dimensions, popular statistical approaches offer limited solutions as these datasets are not big or detailed enough to meet their technical requirements. Complexity Economics and Sustainable Development provides a novel framework to handle these challenging features, suggesting that complexity science, agent-based modelling, and computational social science can overcome these limitations. Building on interdisciplinary socioeconomic theory, it provides a new framework to quantify the link between public expenditure and development while accounting for complex interdependencies and public governance. Accompanied by comprehensive data of worldwide development indicators and open-source code, it provides a detailed construction of the analytic toolkit, familiarising readers with a diverse set of empirical applications and drawing policy implications that are insightful to a diverse readership. This title is also available as open access on Cambridge Core.

Produktinformation

Utgivningsdatum:2024-01-25
Mått:160 x 235 x 30 mm
Vikt:750 g
Format:Inbunden
Språk:Engelska
Antal sidor:420
Förlag:Cambridge University Press
ISBN:9781316516980

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap
Miljöekonomi inom Ekonomi och Ledarskap

Mer om författaren

Omar A. Guerrero is the Head of Computational Social Science Research at The Alan Turing Institute, London. He was an Oxford Martin Fellow at the University of Oxford and a Senior Research Fellow at the University College London, as well as consulted for governmental bodies and international organisations. Gonzalo Castañeda is professor in Economics at CIDE, Mexico City. He has been a visiting scholar in various universities and research centres in the US and Europe. His previous research includes the book: The Paradigm of Social Complexity, which covers diverse approaches to economic thinking and modelling.

Recensioner i media

'The book by Omar Guerrero and Gonzalo Castañeda is a path-breaking contribution that, through a careful validation procedure of the complexity applied to sustainable development, demonstrates the logical and empirical superiority of the complex economy over the mainstream method, tight in the straitjacket of equilibrium. Furthermore, it offers convincing evidence of the need for economic policy intervention in sustainable development.' Mauro Gallegati, Università Politecnica delle Marche, Ancona, Italy

Innehållsförteckning

Part I. A Complexity Approach to Sustainable Development: 1. Introduction; 2. Policy prioritisation, complexity, and agent computing; 3. Relevant data and empirical challenges; 4. A computational model; 5. Calibration and validation; Part II. A Global View of Sustainable Development: 6. The feasibility of the sustainable development goals; 7. Government spending and structural bottlenecks; 8. Public governance and sustainable development; 9. The impact of international aid; Part III. A Focalised View of Sustainable Development: 10. Subnational development and fiscal federalism; 11. Accelerators and systemic bottlenecks; 12. Deprivation, income shocks, and remittances; 13. Lessons and reflections.