TY - JOUR
T1 - A theory of economic growth with material/energy resources and dematerialization: interaction of three growth mechanisms
AU - Ayes, R.U.
AU - van den Bergh, J.C.J.M.
PY - 2005
Y1 - 2005
N2 - The nature of energy and material resources in a non-optimizing growth theory framework is clarified. This involves two modifications of the conventional theory. Firstly, multiple feedback mechanisms or "growth engines" are identified, such that the impact of the cost of production through demand on growth is accounted for. Secondly, a production function distinguishes between resource use, technical efficiency, and value creation. The resulting model is analytically solved under the condition of a constant growth rate. Given model complexity, numerical experiments are performed as well, providing relevant insights to the academic and political debates on 'environmental Kuznets curves' and 'dematerialization.' © 2004 Elsevier B.V. All rights reserved.
AB - The nature of energy and material resources in a non-optimizing growth theory framework is clarified. This involves two modifications of the conventional theory. Firstly, multiple feedback mechanisms or "growth engines" are identified, such that the impact of the cost of production through demand on growth is accounted for. Secondly, a production function distinguishes between resource use, technical efficiency, and value creation. The resulting model is analytically solved under the condition of a constant growth rate. Given model complexity, numerical experiments are performed as well, providing relevant insights to the academic and political debates on 'environmental Kuznets curves' and 'dematerialization.' © 2004 Elsevier B.V. All rights reserved.
U2 - 10.1016/j.ecolecon.2004.07.023
DO - 10.1016/j.ecolecon.2004.07.023
M3 - Article
VL - 55
SP - 96
EP - 118
JO - Ecological Economics
JF - Ecological Economics
SN - 0921-8009
IS - 1
ER -