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Scarce Natural Resources, Recycling, Innovation and Growth

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Scarce Natural Resources, Recycling, Innovation and Growth

Markus Merz

Springer Gabler
Collection: BestMasters
Publication date : 2015-12-09

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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.

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About the book

Author

Markus Merz

Imprint

Springer Gabler

Collection

BestMasters

Publication date

2015-12-09

Pages

118 pages

Print ISBN

9783658120542

Language

English

Ebook informations

EAN PDF

9783658120559

Price

£44.99

Copy count 1

Print count 11

File size 993 Ko

Informations accessibility

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About author(s)

Markus Merz

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