{"product_id":"scarce-natural-resources-recycling-innovation-and-growth-von-markus-merz","title":"Scarce Natural Resources, Recycling, Innovation and Growth","description":"This thesis uses neoclassical growth models to\nevaluate what effect the limited availability of nonrenewable resources has on\nthe economy’s (world’s) growth potential. Markus Merz concludes that recycling\nmay serve as a mid-term solution to continued growth, but technological\nprogress is needed in the long-run. The theoretical analysis starts with the\nwell-known Dasgupta-Heal model and considers the effect of recycling and\ntechnological progress on the resource constraints; resource-augmenting and\nbackstop technology are analyzed. After a thorough analysis of the models it is\nconcluded that the ultimate solution to long-term economic growth is a backstop\ntechnology.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783658120542\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783658120542","offer_id":40593006198877,"sku":"9783658120542","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/e689c015-7a56-410f-a885-20bd97408598.jpg?v=1775711318","url":"https:\/\/shop.autorenwelt.de\/en\/products\/scarce-natural-resources-recycling-innovation-and-growth-von-markus-merz","provider":"Autorenwelt Shop","version":"1.0","type":"link"}