A New-Growth Perspective on Non-Renewable Resources
Abstract
This article reviews issues related to the incorporation of non-renewable resources in the theory of economic growth and development. As an offshoot of the new growth theory of the last two decades a series of contributions have studied endogenous technical change in relation to resource scarcity. We discuss the main approaches within this literature and consider questions like: How is the new literature related to the wave of resource economics of the 1970s? What light is thrown on the limits-to-growth issue? Does the existence of non-renewable resources have implications for the controversies within new growth theory?Download Info
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Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 06-26.Length: 38 pages
Date of creation: Oct 2006
Date of revision:
Handle: RePEc:kud:kuiedp:0626
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Related research
Keywords: endogenous growth; innovation; non-renewable resources; knife-edge conditions; robustness; limits to growth;Find related papers by JEL classification:
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
This paper has been announced in the following NEP Reports:
- NEP-AGR-2007-01-02 (Agricultural Economics)
- NEP-ALL-2007-01-02 (All new papers)
- NEP-CSE-2007-01-02 (Economics of Strategic Management)
- NEP-DEV-2007-01-02 (Development)
- NEP-ENE-2007-01-02 (Energy Economics)
- NEP-ENV-2007-01-02 (Environmental Economics)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Di Maria, Corrado & Valente, Simone, 2006.
"The Direction of Technical Change in Capital-Resource Economies,"
MPRA Paper
1040, University Library of Munich, Germany.
- Corrado Di Maria & Simone Valente, 2006. "The Direction of Technical Change in Capital-Resource Economies," CER-ETH Economics working paper series 06/50, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Weitzman, Martin L., 1998. "Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate," Journal of Environmental Economics and Management, Elsevier, vol. 36(3), pages 201-208, November.
- Groth, Christian & Schou, Poul, 2007. "Growth and non-renewable resources: The different roles of capital and resource taxes," Journal of Environmental Economics and Management, Elsevier, vol. 53(1), pages 80-98, January.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Betty Agnani & Mª José Gutiérrez & Amaia Iza, 2008.
"R&D policy in Economies with Endogenous Growth and Non Renewable Resources,"
Economic Working Papers at Centro de Estudios Andaluces
E2008/11, Centro de Estudios Andaluces.
- Bety Agnany & Maria Jose Gutierrez & Amaia Iza, 2007. "R&D Policy in Economies with Endogenous Growth and Non-Renewable Resources," ThE Papers 07/09, Department of Economic Theory and Economic History of the University of Granada..
- Agnani, Betty & Iza Padilla, María Amaya & Gutiérrez Huerta, María José, 2007. "R&D Policy in Economies with Endogenous Growth and Non-Renewable Resources," DFAEII Working Papers 2007-05, University of the Basque Country - Department of Foundations of Economic Analysis II.
- Martin Stürmer & Gregor Schwerhoff, 2012. "Non-Renewable but Inexhaustible – Resources in an Endogenous Growth Model," Working Paper Series of the Max Planck Institute for Research on Collective Goods 2012_09, Max Planck Institute for Research on Collective Goods.
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