A New-Growth Perspective on Non-Renewable Resources
AbstractThis 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?
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Bibliographic InfoPaper 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:
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More information through EDIRC
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)
Please 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.:
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