Cyclical Growth and Primary Resource Constraint

Mario Amendola (mario.amendola@uni-roma1.it), Claude Froeschlé, Elena Lega and Jean-Luc Gaffard
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Mario Amendola: UNIROMA - Università degli Studi di Roma "La Sapienza" = Sapienza University [Rome]
Claude Froeschlé: CASSIOPEE - Laboratoire de Cosmologie, Astrophysique Stellaire & Solaire, de Planétologie et de Mécanique des Fluides - UNS - Université Nice Sophia Antipolis (1965 - 2019) - INSU - CNRS - Institut national des sciences de l'Univers - Observatoire de la Côte d'Azur - UniCA - Université Côte d'Azur - CNRS - Centre National de la Recherche Scientifique
Elena Lega: CASSIOPEE - Laboratoire de Cosmologie, Astrophysique Stellaire & Solaire, de Planétologie et de Mécanique des Fluides - UNS - Université Nice Sophia Antipolis (1965 - 2019) - INSU - CNRS - Institut national des sciences de l'Univers - Observatoire de la Côte d'Azur - UniCA - Université Côte d'Azur - CNRS - Centre National de la Recherche Scientifique

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Abstract: The most important limit to growth, in traditional as well as more recent growth models, is the shortage of primary factors. This implies a lower growth rate unless technical progress makes it possible to partially release the primary resource constraint. However, this divertes the attention from the crucial aspects of dynamic processes : structural aspects and, paramount, the time structure of production. This paper is an attempt to construct a model of change, in a neo-austrian perspective, in which the sequential character of production appears as the truly essential limit to growth

Date: 1996
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Citations: View citations in EconPapers (3)

Published in Sylvie Faucheux; David William Pearce; John Proops. Models of sustainable development, Edward Elgar Publishing, pp.613 - 627, 1996, 1858982693

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03397464

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