Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96932
Year of Publication: 
2014
Series/Report no.: 
CAWM Discussion Paper No. 69
Publisher: 
Westfälische Wilhelms-Universität Münster, Centrum für Angewandte Wirtschaftsforschung (CAWM), Münster
Abstract: 
The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic science is not a hard science, all economic activities must always be considered against the background of the current economy, the political and social institutions and technical capabilities (as already mentioned by Solow (1985), p. 328). That is why many of the first growth models, fitted to current state when they were developed, are not transferable to remote periods. Furthermore, natural resources as input factors, which influence economic growth, were neglected for a long time, whereas today they are one of the most discussed factors influencing economic growth.
Subjects: 
economic growth
growth theory
historical overview
renewable resources
non-renewable resources
JEL: 
O13
O41
O40
Q20
Q32
Document Type: 
Working Paper

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