Growth with backstop resources: The role of population and habitat. Dzhumashev, R. & Kazakevitch, G. 2016. 00000Paper abstract bibtex This paper analyses the joint effect of resources, population, and habitat constraints on long-run growth. It shows that the sustainability of growth obtained in the existing literature is not immune to extensions such as backstop resources with an upper bound and population growth. Specifically, under such a setting, both per capita income and population are bounded due to the Malthusian trap caused by resource scarcity. Only by accounting for the interaction between habitat and production, as well as habitat and fertility, can one show the feasibility of sustainable growth. The paper demonstrates that under these conditions, the population converges to a constant level in the long run and its growth becomes independent of income. On the other hand, due to habitat constraints, population growth may follow a non-monotonic path with a decline before reaching the stationary level. The only way to ameliorate such a decline is to promote ’green’ technologies and policies that allow for growth with lesser pollution
@article{dzhumashev_growth_2016,
title = {Growth with backstop resources: {The} role of population and habitat},
shorttitle = {Growth with backstop resources},
url = {http://business.monash.edu/__data/assets/pdf_file/0011/674768/Growth-with-Backstop-Resources-The-Role-of-Population-and-Habitat.pdf},
abstract = {This paper analyses the joint effect of resources, population, and habitat constraints on long-run growth. It shows that the sustainability of growth obtained in the existing literature is not immune to extensions such as backstop resources with an upper bound and population growth. Specifically, under such a setting, both per capita income and population are bounded due to the Malthusian trap caused by resource scarcity. Only by accounting for the interaction between habitat and production, as well as habitat and fertility, can one show the feasibility of sustainable growth. The paper demonstrates that under these conditions, the population converges to a constant level in the long run and its growth becomes independent of income. On the other hand, due to habitat constraints, population growth may follow a non-monotonic path with a decline before reaching the stationary level. The only way to ameliorate such a decline is to promote ’green’ technologies and policies that allow for growth with lesser pollution},
urldate = {2017-01-14},
author = {Dzhumashev, Ratbek and Kazakevitch, Gennadi},
year = {2016},
note = {00000},
keywords = {boundaries, collapse, demographics},
file = {Dzhumashev and Kazakevitch - 2016 - Growth with backstop resources The role of popula.pdf:C\:\\Users\\rsrs\\Documents\\Zotero Database\\storage\\S5XEHZVT\\Dzhumashev and Kazakevitch - 2016 - Growth with backstop resources The role of popula.pdf:application/pdf}
}
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