Growth-essential non-renewable resources and limits to growth

Abstract

The standard approach to modelling endogenous technical change in an economy with an essential non-renewable resource ignores that also R&D may need the resource (directly or indirectly). This biases the limits-to-growth discussion in an optimistic direction. Indeed, sustained per capita growth requires stronger parameter restrictions when the resource is… (More)

Topics

Figures and Tables

Sorry, we couldn't extract any figures or tables for this paper.