Abstract
The attentive reader has probably been somewhat surprised that in a book about resource economics so many chapters have been devoted to the analysis of economic growth with abundant natural resources. However, we will see in the present chapter that economic growth under conditions of utilization of scarce natural resources can in fact be regarded as merely a more complex application of intertemporal allocation and growth theory than that found in standard allocation and growth theory. To avoid premature complication, we first focus in the following chapters on renewable natural resources and leave the problem of economic growth with non-renewable resources in a general equilibrium context to Chap. 8.
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Farmer, K., Bednar-Friedl, B. (2010). Renewable Resources and Intergenerational Efficiency. In: Intertemporal Resource Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-13229-2_6
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DOI: https://doi.org/10.1007/978-3-642-13229-2_6
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