Sverdrup, Harald Ulrik; Anna Hulda Olafsdottir; … - In: Feedback economics : economic modeling with system dynamics, (pp. 247-283). 2021
The WORLD7 model is an integrated assessment model. It includes a biophysical global economic model, based on first principles of physics and thermodynamics for consistency. In the WORLD7 model, revenue and profits come from extraction of natural resources, input of human labour, mechanization,...