Scarce Natural Resources, Recycling, Innovation and Growth

ISBN-13: 9783658120542 / Angielski / Miękka / 2015 / 118 str.

Markus Merz

Opis

This thesis uses neoclassical growth models to evaluate what effect the limited availability of nonrenewable resources has on the economy's (world's) growth potential. Markus Merz concludes that recycling may serve as a mid-term solution to continued growth, but technological progress is needed in the long-run. The theoretical analysis starts with the well-known Dasgupta-Heal model and considers the effect of recycling and technological progress on the resource constraints; resource-augmenting and backstop technology are analyzed. After a thorough analysis of the models it is concluded that the ultimate solution to long-term economic growth is a backstop technology.

Spis treści

An Introduction to Economic Growth Theory.- The Dasgupta-Heal Model.- Recycling as a Source of Regeneration.- Technological Progress.

O autorze

Markus Merz is a research fellow at the Department of Banking, University of Tuebingen. His research interests are access to finance, finance and growth and microeconomics of banking.

 

Blurb

This thesis uses neoclassical growth models to evaluate what effect the limited availability of nonrenewable resources has on the economy’s (world’s) growth potential. Markus Merz concludes that recycling may serve as a mid-term solution to continued growth, but technological progress is needed in the long-run. The theoretical analysis starts with the well-known Dasgupta-Heal model and considers the effect of recycling and technological progress on the resource constraints; resource-augmenting and backstop technology are analyzed. After a thorough analysis of the models it is concluded that the ultimate solution to long-term economic growth is a backstop technology.

Contents

• An Introduction to Economic Growth Theory

• The Dasgupta-Heal Model

• Recycling as a Source of Regeneration

• Technological Progress

Target Groups

• Teachers and students of economics with a focus on economic growth theory and natural resource economics

• Executives and consultants in the field of natural resource, energy politics and in energy companies

About The Author

Markus Merz is a research fellow at the Department of Banking, University of Tuebingen. His research interests are access to finance, finance and growth and microeconomics of banking.