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Scarce Natural Resources, Recycling, Innovation and Growth

  • Book
  • © 2016

Overview

Authors:
  1. Markus Merz

    1. Fachbereich Wirtschaftswissenschaft, Abteilung Bankwirtschaft, Universität Tübingen, Tübingen, Germany

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  • Publication in the field of economic sciences
  • Includes supplementary material: sn.pub/extras

Part of the book series: BestMasters (BEST)

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Table of contents (6 chapters)

  1. Front Matter

    Pages I-X
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  2. Introduction

    • Markus Merz
    Pages 1-2

  3. An Introduction to Economic Growth Theory and the Oil Market

    • Markus Merz
    Pages 3-9

  4. The Dasgupta-Heal Model

    • Markus Merz
    Pages 11-23

  5. Recycling as a Source of Regeneration

    • Markus Merz
    Pages 25-35

  6. Technological Progress

    • Markus Merz
    Pages 37-65

  7. Discussion and Conclusions

    • Markus Merz
    Pages 67-69

  8. Back Matter

    Pages 71-118
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Keywords

About this book

This thesis uses neoclassical growth models to evaluate what effect the limited availability of nonrenewable resources has on the economy’s (world’s) growth potential. Markus Merz concludes that recycling may serve as a mid-term solution to continued growth, but technological progress is needed in the long-run. The theoretical analysis starts with the well-known Dasgupta-Heal model and considers the effect of recycling and technological progress on the resource constraints; resource-augmenting and backstop technology are analyzed. After a thorough analysis of the models it is concluded that the ultimate solution to long-term economic growth is a backstop technology.

Authors and Affiliations

  • Fachbereich Wirtschaftswissenschaft, Abteilung Bankwirtschaft, Universität Tübingen, Tübingen, Germany

    Markus Merz

About the author

Markus Merz is a research fellow at the Department of Banking, University of Tuebingen. His research interests are access to finance, finance and growth and microeconomics of banking.

 

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