Natural Resources, Innovation, and Growth

Arbeitspapier

This paper investigates the connection between resource abundance and innovation, as a transmission mechanism that can elucidate part of the resource curse hypothesis; i.e. the observed negative impact of resource wealth on income growth. We develop a variation of the Ramsey-Cass-Koopmans model with endogenous growth to explain the phenomenon. In this model, consumers trade off leisure versus consumption, and firms trade off innovation efforts versus manufacturing. For this model, we show that an increase in resource income frustrates economic growth in two ways: directly by reducing work effort and indirectly by inducing a smaller proportion of the labor force to engage in innovation.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Nota di Lavoro ; No. 129.2004

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; Innovation and Invention: Processes and Incentives ; Resource Booms
• Thema: Natural resources ; Growth ; Innovation ; Natürliche Ressourcen ; Wirtschaftswachstum ; Innovation ; Endogenes Wachstumsmodell

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Papyrakis, Elissaios ; Gerlagh, Reyer
• Ereignis: Veröffentlichung
• (wer): Fondazione Eni Enrico Mattei (FEEM)
• (wo): Milano
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/117998
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ