A New-Growth Perspective on Non-Renewable Resources

Christian Groth ()

No 06-26, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: This article reviews issues related to the incorporation of non-renewable resources in the theory of economic growth and development. As an offshoot of the new growth theory of the last two decades a series of contributions have studied endogenous technical change in relation to resource scarcity. We discuss the main approaches within this literature and consider questions like: How is the new literature related to the wave of resource economics of the 1970s? What light is thrown on the limits-to-growth issue? Does the existence of non-renewable resources have implications for the controversies within new growth theory?

Keywords: endogenous growth; innovation; non-renewable resources; knife-edge conditions; robustness; limits to growth (search for similar items in EconPapers)
JEL-codes: O4 Q3 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2006-10
New Economics Papers: this item is included in nep-agr, nep-cse, nep-dev, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:0626

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