Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171530
Authors: 
Bretschger, Lucas
Year of Publication: 
2009
Series/Report no.: 
Economics Working Paper Series 08/87
Abstract: 
The paper develops a model with non-exponential population growth, nonrenewable natural resources, and endogenous knowledge creation to analyse substitution between primary inputs and an essential use of resources in the innovation sectors, which is generally considered as most unfavourable for growth. We show that population growth and poor input substitution are not detrimental but even needed to obtain sustainable consumption. A permanent increase in living standards can be achieved under free market conditions. With a backstop technology, the system converges to a balanced growth path with classical properties.
Subjects: 
Population growth
non-renewable resources
poor input substitution
technical change
sustainability
JEL: 
Q32
Q55
Q56
O41
Document Type: 
Working Paper

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