G2TT
来源类型Working papers
规范类型论文
DOI10.3929/ethz-a-004933368
Endogenous growth and recycling: a material balance approach
Pittel, Karen; Amigues, Jean-Pierre; Kuhn, Thomas
发表日期2005-02
出版者ETH Zurich, Institute of Economic Research (WIF)
出版年2005
语种英语
摘要In this paper we analyze the importance of recycling in the strive for sustainable development. In contrast to former approaches we emphasize the role of the waste stock as a source of valuable inputs. We enhance a Romer (1990) type endogenous growth model by a material balance condition that reflects the circulation of matter in the economy. Diferentiated intermediate products are produced from recycled waste and virgin resources. These material intermediates are then employed in the production of final output. They either end up as waste after consumption or are bound in the capital stock depending on the utilization of the produced output. We show that, even in the absence of environmental policy, long-run development is sustainable in this economy. The intuition is, that, as waste is a valuable resource in our model, not recycling part of it, cannot be optimal in the long-run.
主题Non-renewable resources ; Recycling ; Endogenous growth ; Sustainable development
URLhttps://www.research-collection.ethz.ch/handle/20.500.11850/48046
来源智库Centre for Energy Policy and Economics (Switzerland)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/266627
推荐引用方式
GB/T 7714
Pittel, Karen,Amigues, Jean-Pierre,Kuhn, Thomas. Endogenous growth and recycling: a material balance approach. 2005.
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