Resource Utilisation Elasticity Model

Eliazar Marchenko

No sp8dv_v1, SocArXiv from Center for Open Science

Abstract: This paper introduces the Resource Utilization Elasticity (RUE) theory, which improves the current sustainability decision-making process and allows decision-makers to use the minimum necessary data to arrive at the current level of long-run economic equilibrium through analysis of the economy's resource utilisation elasticity. This model reflects a general relationship between resource utilisation elasticity and the level of long-run equilibrium, allowing for a more effective decision-making process. This paper explains the relationship between resource utilisation elasticity and long-term economic output in a non-linear manner, exploring a more realistic logistic approach. This model reflects the dynamism of resource utilization in the economy and how it impacts long-term economic growth. Through this approach, the model poses an alternative lens to view policy interventions and resource utilisation, allowing for a more informed and effective decision-making process, leading to both better sustainability and long-run economic growth.

Date: 2024-01-27
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:sp8dv_v1

DOI: 10.31219/osf.io/sp8dv_v1

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