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Scarce Natural Resources, Recycling, Innovation and Growth
Markus Merz
€ 75.55
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Description for Scarce Natural Resources, Recycling, Innovation and Growth
Paperback. Series: BestMasters. Num Pages: 128 pages, 18 black & white illustrations, biography. BIC Classification: KCG; RNF; RNH. Category: (P) Professional & Vocational. Dimension: 210 x 148 x 8. Weight in Grams: 181.
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.
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.
Product Details
Format
Paperback
Publication date
2015
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
128
Condition
New
Series
BestMasters
Number of Pages
118
Place of Publication
, Germany
ISBN
9783658120542
SKU
V9783658120542
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Markus Merz
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.
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