Arbeitspapier
Economics of technological change and the natural environment: How effective are innovations as a remedy for resource scarcity?
The paper aims to substantiate the importance of endogenous innovations when evaluating the compatibility of natural resource use and economic development. It explains that technological change has the potential to compensate for natural resource scarcity, diminishing returns to capital, poor input substitution, and material balance restrictions, but is limited by various restrictions like fading returns to innovative investments and rising research costs. It also shows how innovative activities are fostered by accurate price signals and research-favouring sectoral change. The simultaneous effects of increasing technical knowledge, decreasing resource inputs, and increasing world population largely determine the chances of long-run sustainable development. Consequently, future research has to be directed at a more thorough understanding of the mechanisms driving innovations in the presence of natural resource scarcity.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Working Paper Series ; No. 03/27
- Klassifikation
-
Wirtschaft
Renewable Resources and Conservation: General
Nonrenewable Resources and Conservation: General
One, Two, and Multisector Growth Models
Technological Change: Choices and Consequences; Diffusion Processes
- Thema
-
endogenous technological change
environment
natural resources
sustainability
Endogenes Wachstumsmodell
Nachhaltige Entwicklung
Ressourcenökonomik
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bretschger, Lucas
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, CER-ETH - Center of Economic Research
- (wo)
-
Zurich
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bretschger, Lucas
- ETH Zurich, CER-ETH - Center of Economic Research
Entstanden
- 2004
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