Merz Scarce Natural Resources, Recycling, Innovation and Growth

1. Auflage 2016
ISBN: 978-3-658-12055-9
Verlag: Springer
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 122 Seiten, eBook

Reihe: BestMasters

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.

Zielgruppe

Research

Autoren/Hrsg.

Merz, Markus

Inhaltsverzeichnis

An Introduction to Economic Growth Theory.- The Dasgupta-Heal Model.- Recycling as a Source of Regeneration.- Technological Progress.

Über Autor(innen)

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.