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OverviewThis 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. Full Product DetailsAuthor: Markus MerzPublisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Imprint: Springer Gabler Edition: 1st ed. 2016 Dimensions: Width: 14.80cm , Height: 0.80cm , Length: 21.00cm Weight: 1.757kg ISBN: 9783658120542ISBN 10: 3658120541 Pages: 118 Publication Date: 16 December 2015 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsAn Introduction to Economic Growth Theory.- The Dasgupta-Heal Model.- Recycling as a Source of Regeneration.- Technological Progress.ReviewsAuthor InformationMarkus 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. Tab Content 6Author Website:Countries AvailableAll regions |
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