Economic Growth by Waste Generation: the Dynamics of a Vicious Circle
The aim of this article is to explain the overall shape of the waste stream of durable goods in the US economy. For this purpose we construct an agent-based model of economic growth and waste generation and compare this latter variable to the amount of waste of durables generated in the USA between 1960 and 2008. The model highlights a particularly vicious circle in which waste generation becomes a positive factor of economic growth
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|Date of creation:||2011|
|Publication status:||Published in Lecture Notes in Economics 129 and Mathematical Systems, Springer, 2011, pp.129-138. <10.1007/978-3-642-21108-9_11>|
|Note:||View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01247717|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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