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The Possibility fo Continuous Growth with Exhaustible Resources: Unknowingly an Agreement Has Been Reached, But it May not be Correct

AutorPetith, Howard
Palabras claveExhaustible resources
Elasticity of substitution
Innovation possibility frontier
Fecha de publicación28-jun-2002
SerieUFAE and IAE Working Papers
517.02
ResumenAbstract. It is the size of the elasticity of substitution that has been the central issue in the long debate over the possibility of continuous growth in the presence of exhaustible resources. This paper reviews the debate and comes to the surprising conclusion that , unnoticed by the pessimists, the optimist position has gradually evolved so that it now approximates that of the pessimists. The paper also summarises some preliminary work by the author that indicates that this common position may not be correct.
URIhttp://hdl.handle.net/10261/1870
Aparece en las colecciones: (IAE) Informes y documentos de trabajo
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