An inductive approach was adopted for data analysis to develop some propositions regarding circular economy interactions.
For this purpose, an energy-economy interaction model of the computational general equilibrium (CGE) approach, the Korean Energy and Environmental Policy model KEEP) was adapted.
In fact, the FOSSIL, IDEAS, and Life Cycle models consider energy in isolation; Sterman's model [27] includes energy-economy interactions only, and Fiddaman's FREE model [29] focuses on economy-climate interactions (oil and gas depletions are considered as "source constraints", while climate change is a "sink constraint" on the energy-economy system).
It has been pointed out that a reliance on the past energy energy-economy interactions to predict future scenarios may not be appropriate while dealing with issues such as climate change; as the environmental, social and economic conditions may be significantly different to those experienced in the past (Kavgic et al. 2010).
Since the crushing of the protests, notwithstanding China's rapid integration with the global economy, the interaction of its leaders has been veiled in even greater secrecy than it was 20 years ago.But even Zhao pulls his punches.
And because the alternative tax rules have not been fully adjusted for changes in the economy, the interaction of the Bush cuts and the alternative tax can cause middle-class Americans to lose exemptions for themselves and their children, deductions for state and local taxes or even the standard deduction.
"I read this as an attempt to undermine Rouhani's policy of jumpstarting the economy through interactions with the diaspora," said Ghaemi.
The concept of ecosystem services has recently become a major conceptual framework for discussing economy–society environment interactions.
The metaphor of ecosystem services has been widely used, but it has also raised concern, among other reasons because it conceals the complexity of economy–society environment interactions (Norgaard 2010; Peterson et al. 2010).
The major drawback, besides their inability to model economy-wide interactions, comes from the mathematical programming itself, i.e., the implementation of tax distortions or market failures [22 24].
A more comprehensive model that incorporates a larger number of economic components with respect to MARKAL is General Equilibrium Model for Energy-Economy-Environment Interactions (GEM-E3).
