This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
The Direction of Technical Change in Capital-Resource Economies Author info | Abstract | Publisher info | Download info | Related research | Statistics Di Maria, Corrado
Valente, Simone
Additional information is available for the following
registered author(s):
We analyze a multi-sector growth model with directed technical change where man-made capital and exhaustible resources are essential for production. The relative profitability of factor-specific innovations endogenously determines whether technical progress will be capital- or resource-augmenting. We show that convergence to balanced growth implies zero capital-augmenting innovations: in the long run, the economy exhibits purely resource-augmenting technical change. This result provides sound microfoundations for the broad class of models of exogenous/endogenous growth where resource-augmenting progress is required to sustain consumption in the long run, contradicting the view that these models are conceptually biased in favor of sustainability.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
1040.
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Length:
Date of creation: 07 Mar 2006Date of revision:
Handle: RePEc:pra:mprapa:1040Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Ekkehart Schlicht).
Keywords: Endogenous Growth Directed Technical Change Exhaustible Resources Sustainability Other versions of this item:
Find related papers by JEL classification: Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D
This paper has been announced in the following NEP Reports :
References listed on IDEAS 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.: Thomas M. Steger & Lucas Bretschger, 2005.
"Globalization, the volatility of intermediate goods prices and economic growth ,"
Economics working paper series
05/40, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Lucas Bretschger & Thomas M. Steger, 2004.
"The dynamics of economic integration : theory and policy ,"
Economics working paper series
04/32, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Other versions: Timo Trimborn & Karl-Josef Koch & Thomas M. Steger, 2004.
"Multi-dimensional transitional dynamics : a simple numerical procedure ,"
Economics working paper series
04/35, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Other versions:
Timo Trimborn & Karl-Josef Koch & Thomas Steger, 2006.
"Multi-Dimensional Transitional Dynamics: A Simple Numberical Procedure ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo GmbH.
[Downloadable!] Trimborn, Timo & Koch, Karl-Josef & Steger, Thomas M., 2008.
"Multidimensional Transitional Dynamics: A Simple Numerical Procedure ,"
Macroeconomic Dynamics ,
Cambridge University Press, vol. 12(03), pages 301-319, January.
[Downloadable!] Moritz Schularick & Thomas Steger, 2006.
"Does Financial Integration Spur Economic Growth? New Evidence from the First Era of Financial Globalization ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo GmbH.
[Downloadable!]
Other versions: Sjak Smulders & Lucas Bretschger & Hannes Egli, 2005.
"Economic growth and the diffusion of clean technologies : explaining environmental Kuznets ,"
Economics working paper series
05/42, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Lucas Bretschger & Sjak Smulders, 2003.
"Sustainability and Substitution of Exhaustible Natural Resources. How resource prices affect long-term R&D investments ,"
Working Papers
2003.87, Fondazione Eni Enrico Mattei.
[Downloadable!]
Other versions: Karen Pittel & Amigues Jean-Pierre & Thomas Kuhn, 2005.
"Endogenous growth and recycling : a material balance approach ,"
Economics working paper series
05/37, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Thomas M. Steger, 2003.
"Economic Growth and Sectoral Change under Resource Reallocation Costs ,"
Economics working paper series
03/30, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Thomas M. Steger, 2006.
"On the Mechanics of Economic Convergence ,"
German Economic Review ,
Blackwell Publishing, vol. 7, pages 317-337, 08.
[Downloadable!] (restricted)
Other versions: Christian Bjørnskov & Axel Dreher & Justina Fischer, 2007.
"The bigger the better? Evidence of the effect of government size on life satisfaction around the world ,"
Public Choice ,
Springer, vol. 130(3), pages 267-292, March.
[Downloadable!] (restricted)
Other versions:
Full
references Cited by : (explanations , 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.)
Ulrich Brandt-Pollmann & Ralph Winkler & Sebastian Sager & Ulf Moslener & Johannes P. Schlöder, 2006.
"Numerical solution of optimal control problems with constant control delays ,"
Economics working paper series
06/59, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Theresa Fahrenberger & Hans Gersbach, 2007.
"Minority Voting and Long-term Decisions ,"
Economics working paper series
07/70, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Other versions: Hans Gersbach & Volker Hahn, 2008.
"Forward Guidance for Monetary Policy: Is It Desirable? ,"
Economics working paper series
08/84, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Simone Valente, 2007.
"International Status Seeking, Trade, and Growth Leadership ,"
Economics working paper series
07/75, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Simone Valente, 2006.
"Intergenerational Transfers, Lifetime Welfare and Resource Preservation ,"
Economics working paper series
06/55, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Other versions:
Valente Simone, 2005.
"Intergenerational Transfers, Lifetime Welfare and Resource Preservation ,"
Departmental Working Papers
214, Tor Vergata University, CEIS.
[Downloadable!] Valente, Simone, 2006.
"Intergenerational Transfers, Lifetime Welfare and Resource Preservation ,"
MPRA Paper
1042, University Library of Munich, Germany.
[Downloadable!] Simone Valente, 2005.
"Intergenerational Transfers, Lifetime Welfare and Resource Preservation ,"
Public Economics
0505008, EconWPA.
[Downloadable!] Valente, Simone, 2008.
"Intergenerational transfers, lifetime welfare, and resource preservation ,"
Environment and Development Economics ,
Cambridge University Press, vol. 13(01), pages 53-78, January.
[Downloadable!] Simone Valente, 2007.
"Human Capital, Resource Constraints and Intergenerational Fairness ,"
Economics working paper series
07/68, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Urs von Arx & Andreas Schäfer, 2007.
"The Influence of Pension Funds on Corporate Governance ,"
Economics working paper series
07/63, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Christoph Heinzel & Ralph Winkler, 2007.
"The role of environmental and technology policies in the transition to a low-carbon energy industry ,"
Economics working paper series
07/71, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Simone Valente, 2006.
"Trade, Envy and Growth: International Status Seeking in a Two-Country World ,"
Economics working paper series
06/53, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Other versions: Hans Gersbach & Ralph Winkler, 2007.
"On the Design of Global Refunding and Climate Change ,"
Economics working paper series
07/69, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich, revised Jul 2007.
[Downloadable!]
Other versions: Juergen Antony, 2007.
"Depletion of Non-Renewable Resources and Endogenous Technical Change ,"
Discussion Paper Series
291, Universitaet Augsburg, Institute for Economics.
[Downloadable!]
Damian S. Damianov & Johannes Gerd Becker, 2008.
"Auctions with Variable Supply: Uniform Price versus Discriminatory ,"
Economics working paper series
08/80, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Ian A. MacKenzie,, 2008.
"On the Sequential Choice of Tradable Permit Allocations ,"
Economics working paper series
08/83, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Hans Gersbach & Markus Müller, 2006.
"Elections, Contracts and Markets ,"
Economics working paper series
06/56, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Other versions: Volker Hahn, 2007.
"Information Acquisition by Price-Setters and Monetary Policy ,"
Economics working paper series
07/73, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Karen Pittel, 2006.
"A Kuznets Curve for Recycling ,"
Economics working paper series
06/52, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Hans Gersbach & Maik T. Schneider & Olivier Schneller, 2008.
"On the Design of Basic-Research Policy ,"
Economics working paper series
08/79, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Theresa Fahrenberger & Hans Gersbach, 2007.
"Legislative Process with Open Rules ,"
Economics working paper series
07/64, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Other versions: Ralph Winkler, 2006.
"Now or Never: Environmental Protection under Hyperbolic Discounting ,"
Economics working paper series
06/60, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Hans Gersbach, 2007.
"The Global Refunding System and Climate Change ,"
Economics working paper series
07/62, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Ralph Winkler, 2007.
"Why do ICDPs fail? The relationship between subsistence farming, poaching and eco- tourism in wildlife and habitat conservation ,"
Economics working paper series
07/76, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Maik T. Schneider, 2007.
"Knowledge Codification and Endogenous Growth ,"
Economics working paper series
07/65, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
[Downloadable!]
Access and
download statistics Did you know? IDEAS also covers the most complete directory of Economics departments and institutes, EDIRC .
This page was last updated on 2008-11-17.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .