Sustainability and Substitution of Exhaustible Natural Resources: How Resource Prices Affect Long-term R&D Investments
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چکیده
منابع مشابه
Sustainability and Substitution of Exhaustible Natural Resources How Resource Prices Affect Long-term R&d-investments Sustainability and Substitution of Exhaustible Natural Resources How Resource Prices Affect Long-term R&d-investments
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 natural resources, labour, knowledge, and physical capital as inputs, the present paper addresses this c...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.465161