| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Sustainability and Substitution of Exhaustible Natural Resources. How Resource Prices Affect Long-term R&D-Investments | |
| Lucas Bretschger; Sjak Smulders | |
| 发表日期 | 2003 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R&D-based endogenous growth model with exhaustible natural resources, labour, knowledge, and physical capital as inputs, the present paper addresses this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms keep spending on research and development. We demonstrate that long-run growth can be sustained under free market conditions even when elasticities of substitution between capital and resources are low and the supply of physical capital is limited, which seems to be crucial for today's sustainability debate. |
| 特色分类 | Q20,Q30,O41,O33 |
| 关键词 | Growth,non-renewable resources,substitution,investment incentives,endogenous technological change,sustainability |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/sustainability-and-substitution-of-exhaustible-natural-resources-how-resource-prices-affect-long-term-r-amp-d-investments/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116915 |
| 推荐引用方式 GB/T 7714 | Lucas Bretschger,Sjak Smulders. Sustainability and Substitution of Exhaustible Natural Resources. How Resource Prices Affect Long-term R&D-Investments. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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