The Role of Material/Energy Resources and Dematerialisation in Economic Growth Theories
Robert U. Ayres and
Jeroen van den Bergh
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Robert U. Ayres: INSEAD
No 00-068/3, Tinbergen Institute Discussion Papers from Tinbergen Institute
The nature of energy and material resources in an endogenous growththeory framework isclarified. This involves three modifications of the conventionaltheory. Firstly, multiple feedbackmechanisms or “growth engines” are identified. Secondly, a productionfunction distinguishesbetween resource use, technical efficiency and value creation.Thirdly, the impact of the cost ofproduction through demand on growth is accounted for. A formal modelis analytically solvedunder a condition of a constant growth rate. Given model complexity,numerical experiments areperformed as well, providing relevant insights to the academic andpolitical debates on‘environmental Kuznets curves’ and ‘dematerialization’.
Keywords: dematerialization; environmental Kuznets curve; feedback mechanisms; production function specification; resource scarcity; value creation (search for similar items in EconPapers)
JEL-codes: O11 O33 O41 Q32 Q43 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20000068
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