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We argue that the sustainable use of natural resources has to be placed in a dynamic perspective, both in theoretical modelling and in applied research. This can be achieved by applying endogenous growth theory and other recent advances in dynamic theory. In this paper we discuss five...
Persistent link: https://www.econbiz.de/10005547551
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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