Einführung in die Volkswirtschaftslehre

Engelkamp, Paul; Sell, Friedrich L.

doi:10.1007/b138955

Cited by 25 publications

(4 citation statements)

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“…This price formation on the market is in line with standard economic theory (e.g., equilibrium concept; cf. [ 48 , 49 ]). Thereby, we incorporated the critical market feedback of supply decisions that result in price changes which influence again supply decisions (as also used by Lawler et al .…”

Section: Methodsmentioning

confidence: 99%

Assessing Regional-Scale Impacts of Short Rotation Coppices on Ecosystem Services by Modeling Land-Use Decisions

et al. 2016

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Meeting the world’s growing energy demand through bioenergy production involves extensive land-use change which could have severe environmental and social impacts. Second generation bioenergy feedstocks offer a possible solution to this problem. They have the potential to reduce land-use conflicts between food and bioenergy production as they can be grown on low quality land not suitable for food production. However, a comprehensive impact assessment that considers multiple ecosystem services (ESS) and biodiversity is needed to identify the environmentally best feedstock option, as trade-offs are inherent. In this study, we simulate the spatial distribution of short rotation coppices (SRCs) in the landscape of the Mulde watershed in Central Germany by modeling profit-maximizing farmers under different economic and policy-driven scenarios using a spatially explicit economic simulation model. This allows to derive general insights and a mechanistic understanding of regional-scale impacts on multiple ESS in the absence of large-scale implementation. The modeled distribution of SRCs, required to meet the regional demand of combined heat and power (CHP) plants for solid biomass, had little or no effect on the provided ESS. In the policy-driven scenario, placing SRCs on low or high quality soils to provide ecological focus areas, as required within the Common Agricultural Policy in the EU, had little effect on ESS. Only a substantial increase in the SRC production area, beyond the regional demand of CHP plants, had a relevant effect, namely a negative impact on food production as well as a positive impact on biodiversity and regulating ESS. Beneficial impacts occurred for single ESS. However, the number of sites with balanced ESS supply hardly increased due to larger shares of SRCs in the landscape. Regression analyses showed that the occurrence of sites with balanced ESS supply was more strongly driven by biophysical factors than by the SRC share in the landscape. This indicates that SRCs negligibly affect trade-offs between individual ESS. Coupling spatially explicit economic simulation models with environmental and ESS assessment models can contribute to a comprehensive impact assessment of bioenergy feedstocks that have not yet been planted.

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Section: Methodsmentioning

confidence: 99%

Assessing Regional-Scale Impacts of Short Rotation Coppices on Ecosystem Services by Modeling Land-Use Decisions

et al. 2016

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“…equilibrium concept; cf. Mankiw & Taylor or Engelkamp & Sell ) and incorporates the critical market feedback of supply decisions that result in prices which influence again supply decisions (as also used by Lawler et al . ).…”

Section: Methodsmentioning

confidence: 99%

The expansion of short rotation forestry: characterization of determinants with an agent‐based land use model

et al. 2016

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Wood is a limited resource which is exposed to a continuously growing global demand not least because of a politically fostered bioenergy use. One approach to master the challenge to sustainably meet this increasing wood demand is short rotation forestry (SRF). However, SRF is only gradually evolving and it is not fully understood which determinants hamper its expansion. This study provides theoretical insights into economic and environmental determinants of an SRF expansion and their interplay. This assessment requires the incorporation of farmers' decision-making based on an explicit investment appraisal. Therefore, we use an agent-based model to depict the decision-making of profit-maximizing farmers facing the choice between SRF, the cultivation of conventional annual agricultural crops and abstaining from cultivation (fallow land). The land use decisions are influenced by general economic determinants, such as market prices for wood and annual crops, and by site-dependent determinants, such as the environmental site quality. We found that the willingness to pay for SRF-based products and for annual crops most strongly influences the coverage of SRF in the landscape. SRF will in most cases be established on sites with low productivity. However, a decrease in the willingness to pay for annual crops will lead to a reallocation of SRF plantations to sites with higher productivity. Furthermore, our model results indicate that the impact of the distance to processing plants on farmers' decisions strongly depends on general economic determinants and the given spatial structure of the underlying natural landscape. Analysing the relative importance of different determinants of an SRF expansion, this study gives insights into the approach of using SRF to sustainably meet the growing wood demand. Moreover, these insights are taken as a starting point for the design of effective government interventions to promote SRF.

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“…The mobility of production factors (mainly work force) serves as a substitute for the inflexible exchange rate in absorbing international economic fluctuations -shocks (Engelkamp, Sell, 2005). The greater the mobility of production factors, the lower the costs of shocks (e.g., unemployment) (Gorgens et al, 2004).…”

Section: Institutional Adaptation Possibilities Of the National Mechamentioning

confidence: 99%

“…The differences in languages and cultures influence the international work force mobility. Scientists (Belke, 2002;Engelkamp, Sell, 2005) indicate low work force mobility as a limitation factor in adapting to international shocks.…”

Section: Institutional Adaptation Possibilities Of the National Mechamentioning

confidence: 99%

Stability Policy During Economic Downturn: Institutional and Interventionalistic Aspects

Paliulytė

2010

ECO

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The issue of stable policy became extremely relevant during the recession. Stable policy encompasses recovery of the lost equilibrium, prevention of the undesirable situation and assurance of sustainable economic development. Two competitive decisions of stable policy – intervention and institutional – can be accentuated. Intervention strategy means supply stimulation and balance recovery through fiscal and monetary policy. Institutional stable policy stresses the prevention of unwanted situations through creating a resilient institutional economic structure and freeing the market self-regulation mechanism. The article compares both strategies, analyzes their consequences, influence on the development and depth of the crisis, and possibilities of the national adaptation mechanism.

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Einführung in die Volkswirtschaftslehre

Cited by 25 publications

References 0 publications

Assessing Regional-Scale Impacts of Short Rotation Coppices on Ecosystem Services by Modeling Land-Use Decisions

Assessing Regional-Scale Impacts of Short Rotation Coppices on Ecosystem Services by Modeling Land-Use Decisions

The expansion of short rotation forestry: characterization of determinants with an agent‐based land use model

Stability Policy During Economic Downturn: Institutional and Interventionalistic Aspects

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