Scarce Natural Resources, Recycling, Innovation and Growth

  • Markus Merz

Part of the BestMasters book series (BEST)

Table of contents

  1. Front Matter
    Pages I-X
  2. Markus Merz
    Pages 1-2
  3. Markus Merz
    Pages 11-23
  4. Markus Merz
    Pages 25-35
  5. Markus Merz
    Pages 37-65
  6. Markus Merz
    Pages 67-69
  7. Back Matter
    Pages 71-118

About this book


This thesis uses neoclassical growth models to evaluate what effect the limited availability of nonrenewable resources has on the economy’s (world’s) growth potential. Markus Merz concludes that recycling may serve as a mid-term solution to continued growth, but technological progress is needed in the long-run. The theoretical analysis starts with the well-known Dasgupta-Heal model and considers the effect of recycling and technological progress on the resource constraints; resource-augmenting and backstop technology are analyzed. After a thorough analysis of the models it is concluded that the ultimate solution to long-term economic growth is a backstop technology.

• An Introduction to Economic Growth Theory
• The Dasgupta-Heal Model
• Recycling as a Source of Regeneration
• Technological Progress

Target Groups
• Teachers and students of economics with a focus on economic growth theory and natural resource economics
• Executives and consultants in the field of natural resource, energy politics and in energy companies

About The Author
Markus Merz is a research fellow at the Department of Banking, University of Tuebingen. His research interests are access to finance, finance and growth and microeconomics of banking.


Exhaustible natural resources Conservation of nonrenewable resources Material balance constraint Technological Progress Backstop Technology

Authors and affiliations

  • Markus Merz
    • 1
  1. 1.Fachbereich Wirtschaftswissenschaft, Abteilung BankwirtschaftUniversität TübingenTübingenGermany

Bibliographic information

  • DOI
  • Copyright Information Springer Fachmedien Wiesbaden 2016
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-658-12054-2
  • Online ISBN 978-3-658-12055-9
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking