Optimal growth paths with exhaustible resources: An information-based model

Optimal growth paths with exhaustible resources: An information-based model

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Article ID: iaor1992184
Country: Austria
Volume: 1987 (Jul), 35 pp., 5.00, RR-87-11
Start Page Number: 23
End Page Number: 35
Publication Date: Apr 1991
Journal: IIASA Reports
Authors:
Keywords: management
Abstract:

This theoretical paper is a contribution to the basic theory of economic growth. It provides for an explicit role for technological change, both independently and in response to the exhaustion of stocks of nonrenewable resources (or, perhaps, obsolescent forms of capital). The paper suggests some interesting explanatory possibilities with regard to ‘long waves’, a theme IIASA has explored for a number of years.

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