Resources, Production and Structural Dynamics

ISBN-13: 9781107079090 / Angielski / Twarda / 2015 / 520 str.

Mauro L. Baranzini; Claudia Rotondi; Roberto Scazzieri

Opis

Economists since the first industrial revolution have been interested in the links between economic growth and the resources needed to support the growth process, often pointing to resource scarcities as a hindrance to growth. Offering a counter perspective, this volume highlights the positive role that scarcities play in triggering technical progress and economic growth. It provides a new approach to the economic theory of resources by outlining a structural framework for the political economy of scarcity and rents, and offers a novel way of organising empirical evidence concerning the role of resources in industrial growth. This book outlines a major shift in the treatment of scarcity issues by focusing on bottlenecks and opportunities arising within the production system itself and will appeal to economists and policy makers interested in going beyond issues of optimal allocation of existing resources.