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Cyclical Growth and Primary Resource Constraint

Abstract : The most important limit to growth, in traditional as well as more recent growth models, is the shortage of primary factors. This implies a lower growth rate unless technical progress makes it possible to partially release the primary resource constraint. However, this divertes the attention from the crucial aspects of dynamic processes : structural aspects and, paramount, the time structure of production. This paper is an attempt to construct a model of change, in a neo-austrian perspective, in which the sequential character of production appears as the truly essential limit to growth
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Submitted on : Friday, October 22, 2021 - 8:34:21 PM
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  • HAL Id : hal-03397464, version 1
  • SCIENCESPO : 2441/6283


Mario Amendola, Claude Froeschlé, Elena Lega, Jean-Luc Gaffard. Cyclical Growth and Primary Resource Constraint. Sylvie Faucheux; David William Pearce; John Proops. Models of sustainable development, Edward Elgar Publishing, pp.613 - 627, 1996, 1858982693. ⟨hal-03397464⟩



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