Scarce Natural Resources, Recycling, Innovation and Growth by Markus MerzScarce Natural Resources, Recycling, Innovation and Growth by Markus Merz

Scarce Natural Resources, Recycling, Innovation and Growth

byMarkus Merz

Paperback | December 16, 2015

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This thesis uses neoclassical growth models toevaluate what effect the limited availability of nonrenewable resources has onthe economy's (world's) growth potential. Markus Merz concludes that recyclingmay serve as a mid-term solution to continued growth, but technologicalprogress is needed in the long-run. The theoretical analysis starts with thewell-known Dasgupta-Heal model and considers the effect of recycling andtechnological progress on the resource constraints; resource-augmenting andbackstop technology are analyzed. After a thorough analysis of the models it isconcluded that the ultimate solution to long-term economic growth is a backstoptechnology.
Markus Merz is a research fellow at the Department of Banking, University of Tuebingen. His research interests are access to finance, finance and growth and microeconomics of banking.  
Title:Scarce Natural Resources, Recycling, Innovation and GrowthFormat:PaperbackDimensions:118 pages, 21 × 14.8 × 0.02 inPublished:December 16, 2015Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3658120541

ISBN - 13:9783658120542

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Table of Contents

An Introduction to Economic Growth Theory.- The Dasgupta-Heal Model.- Recycling as a Source of Regeneration.- Technological Progress.