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Scarce Natural Resources, Recycling, Innovation and Growth by Markus Merz
Scarce Natural Resources, Recycling, Innovation and Growth by Markus Merz
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Scarce Natural Resources, Recycling, Innovation and Growth

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Description

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.

Author Biography:

Markus Merz is a research fellow at the Department of Banking, University of Tuebingen. His research interests are access to finance, finance and growth and microeconomics of banking.  
Release date Australia
December 16th, 2015
Author
Pages
118
Edition
1st ed. 2016
Audience
  • Professional & Vocational
Illustrations
18 Illustrations, black and white; X, 118 p. 18 illus.
Dimensions
148x210x8
ISBN-13
9783658120542
Product ID
24157943

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