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In this paper we discuss the influence of using different production functions on modeling the resource extraction rates and economic growth. The focus is set on the modeling of the production sector, which requires either non-renewable resources, renewable resources or a combination of both...
Persistent link: https://www.econbiz.de/10010957041
The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic...
Persistent link: https://www.econbiz.de/10010957043
In their 1963 classic Scarcity and Growth Howard Barnett and Chandler Morse argued that resource scarcity did not threaten economic growth. A second investigation in the late 1970s, Scarcity and Growth Reconsidered, reached largely the same conclusion. The 25 years since that work was published...
Persistent link: https://www.econbiz.de/10005232935
China is appraised to have the world's largest exploitable reserves of shale gas, although several legal, regulatory …, environmental and investment-related issues will likely restrain its scope. China's capacity to successfully face these hurdles and … produce commercial shale gas will have a crucial impact on the regional gas market and on China’s energy mix, as Beijing …
Persistent link: https://www.econbiz.de/10010732280
Persistent link: https://www.econbiz.de/10010707140
Mineral resources present a formidable source of wealth but a formidable challenge to regulate in order to maximize social welfare from their extraction. Some resource-rich countries, such as Chile, have been successful in developing their economies and managing their revenue streams...
Persistent link: https://www.econbiz.de/10011277122
Reducing CO2 emissions is imperative to stay within the 2oC global warming ‘safe limit’ of the Intergovernmental Panel on Climate Change. However to ensure social and political stability, these reductions must be aligned with fuel security and economic growth. Here an advanced multifactorial...
Persistent link: https://www.econbiz.de/10010827837
This paper analyzes China's development strategy by focusing on both global and regional approaches to solving problems … of energy security and ecological imbalance by addressing specifically the problems of China’s energy security. PRC … assumption can be seen to entail the goal of creating further technological capabilities. In particular, China seems to be firmly …
Persistent link: https://www.econbiz.de/10005621715
earlier paper. China is emerging as a strong trade partner of Nigeria and significantly influences its natural resource …
Persistent link: https://www.econbiz.de/10011107412
Regional science is highly relevant in assessing issues that tangibly impact our lives. Conversely, economics is so fixated on mathematical rigor that it does not have the impact on policy that it should. Similar constructive criticisms apply to geography. To illustrate how regional scientists...
Persistent link: https://www.econbiz.de/10010547695