Showing 1 - 10 of 25
Using a dynamic model with non-renewable natural resources and endogenous knowledge creation, the paper analyses economic development under conditions which are generally considered as most unfavourable. We assume poor substitution between primary input factors, positive population growth and a...
Persistent link: https://www.econbiz.de/10011793168
augmented net investment for the world's top twenty oil producers, we show that the difference with standard non … than previously thought in oil-exporting countries endowed with large reserves like Angola, Azerbaijan, Kuwait, Saudi … Arabia and Venezuela. In oil-importing economies, future consumption possibilities are limited by the lack of expected rental …
Persistent link: https://www.econbiz.de/10009236274
augmented net investment for the world's top twenty oil producers, we show that the difference with standard non … than previously thought in oil-exporting countries endowed with large reserves like Angola, Azerbaijan, Kuwait, Saudi … Arabia and Venezuela. In oil-importing economies, future consumption possibilities are limited by the lack of expected rental …
Persistent link: https://www.econbiz.de/10008923127
Persistent link: https://www.econbiz.de/10009150174
This paper presents a macroeconomic approach to sustainable growth. After clarifying the concept of sustainability, the interdependence between natural resources and accumulated capital stocks such as physical, human, and knowledge capital is discussed. The conditions for the substitution...
Persistent link: https://www.econbiz.de/10010958486
The paper presents a macroeconomic approach to sustainable growth. After clarifying the concept of sustainability, the interdependence between natural resources and accumulated capital stocks such as physical, human, and knowledge capital is discussed. The conditions for the substitution process...
Persistent link: https://www.econbiz.de/10011608281
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
Using a dynamic model with non-renewable natural resources and endogenous knowledge creation, the paper analyses economic development under conditions which are generally considered as most unfavourable. We assume poor substitution between primary input factors, positive population growth and a...
Persistent link: https://www.econbiz.de/10011753094
augmented net investment for the world's top twenty oil producers, we show that the difference with standard non … than previously thought in oil-exporting countries endowed with large reserves like Angola, Azerbaijan, Kuwait, Saudi … Arabia and Venezuela. In oil-importing economies, future consumption possibilities are limited by the lack of expected rental …
Persistent link: https://www.econbiz.de/10011753208
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/10005800894