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Solving major sustainability problems such as climate change and the loss of biodiversity requires overcoming a … inertia and path dependencies. As a result, expectations and reality are often still far apart in sustainability policy … thresholds can thus become a successful strategy for sustainability policy. In this paper, we highlight the importance and …
Persistent link: https://www.econbiz.de/10014502191
Persistent link: https://www.econbiz.de/10009407725
Persistent link: https://www.econbiz.de/10012498842
To reconsider the Malthusian predictions of natural limits to economic development, the paper develops a multi-sector growth model with exhaustible resource extraction, investments in physical and knowledge capital, climate change, and endogenous fertility. Economic growth is driven by...
Persistent link: https://www.econbiz.de/10012007552
limited, which seems to be crucial for today's sustainability debate. …
Persistent link: https://www.econbiz.de/10011325110
The paper presents a macroeconomic approach to sustainable growth. After clarifying the concept of sustainability, the …
Persistent link: https://www.econbiz.de/10011608281
Solving major sustainability problems such as climate change and the loss of biodiversity requires overcoming a … inertia and path dependencies. As a result, expectations and reality are often still far apart in sustainability policy … thresholds can thus become a successful strategy for sustainability policy. In this paper, we highlight the importance and …
Persistent link: https://www.econbiz.de/10014517477
This paper presents a macroeconomic approach to sustainable growth. After clarifying the concept of sustainability, the …
Persistent link: https://www.econbiz.de/10010397944
Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R&Dbased endogenous growth model with exhaustible...
Persistent link: https://www.econbiz.de/10011753091
The paper aims to substantiate the importance of endogenous innovations when evaluating the compatibility of natural resource use and economic development. It explains that technological change has the potential to compensate for natural resource scarcity, diminishing returns to capital, poor...
Persistent link: https://www.econbiz.de/10011753092