Use this identifier to quote or link this document: http://hdl.handle.net/2072/1932

The possibility for continuous growth with exhaustible resources: unknowingly an agreement has been reached, but it may not be correct
Petith, Howard C.
Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica; Institut d'Anàlisi Econòmica
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
2006-05-09
Desenvolupament econòmic
Recursos naturals -- Aspectes econòmics
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Working Paper
Working papers; 517.02
         

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