Ayres, Robert U.; Bergh, Jeroen C.J.M. van den - Tinbergen Instituut - 2000
The nature of energy and material resources in an endogenous growththeory framework isclarified. This involves three modifications of the conventionaltheory. Firstly, multiple feedbackmechanisms or “growth engines” are identified. Secondly, a productionfunction distinguishesbetween resource...