Scarce Natural Resources, Recycling, Innovation and Growth

von Markus Merz

118 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

This thesis uses neoclassical growth models to
evaluate what effect the limited availability of nonrenewable resources has on
the economy’s (world’s) growth potential. Markus Merz concludes that recycling
may serve as a mid-term solution to continued growth, but technological
progress is needed in the long-run. The theoretical analysis starts with the
well-known Dasgupta-Heal model and considers the effect of recycling and
technological progress on the resource constraints; resource-augmenting and
backstop technology are analyzed. After a thorough analysis of the models it is
concluded that the ultimate solution to long-term economic growth is a backstop
technology.

• Reihe: BestMasters
• ISBN: 9783658120542
• Sprache: Englisch
• Erscheinungsdatum: 16.12.2015
• Genre: Wirtschaft/Volkswirtschaft
• Verlag: Springer Fachmedien Wiesbaden GmbH