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Natural resources, economic growth and geography

Rafael González-Val () and Fernando Pueyo ()

MPRA Paper from University Library of Munich, Germany

Abstract: Worldwide materials extraction increased by a factor of 8.4 over the course of the 20th century. In the meantime, global GDP and population increased by factors of about 22 and 4, respectively. This reveals that one of the key factors driving the increase in the exploitation of the resources was the growth in world population, although mitigated by the reduction in the intensity in the use of the resources in production. In this paper, we present a model that combines the theory of endogenous growth and the economy of natural resources, but taking into account the geographical distribution of economic activity. Indeed, the New Economic Geography provides insights about two elements that, although speeding up GDP growth, can curb the pressure on natural resources, namely the reduction in transports costs and a boost to pace of innovation.

Keywords: industrial location; endogenous growth; renewable resource; geography (search for similar items in EconPapers)
JEL-codes: F43 O30 Q20 R12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env, nep-geo, nep-gro, nep-his, nep-tid and nep-war
Date: 2019-02
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Related works:
Working Paper: Natural Resources, Economic Growth and Geography (2018) Downloads
Working Paper: Natural Resources, Economic Growth and Geography (2018) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92396

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