Exhaustible Resources, Technology Choice and Industrialization of Developing Countries

Publication year: 2011 Source: Resource and Energy Economics, Available online 23 December 2011 Erika Färnstrand Damsgaard How should the world economy adapt to the increased demand for exhaustible resources from countries like China and India? To address that issue, this paper presents a dynamic model of the world economy with two technologies for production; a resource technology, which uses an exhaustible resource as an input and an alternative technology, which does not

Publication year: 2011 Source: Resource and Energy Economics, Available online 23 December 2011 Erika Färnstrand Damsgaard How should the world economy adapt to the increased demand for exhaustible resources from countries like China and India? To address that issue, this paper presents a dynamic model of the world economy with two technologies for production; a resource technology, which uses an exhaustible resource as an input and an alternative technology, which does not

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Exhaustible Resources, Technology Choice and Industrialization of Developing Countries