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From time zero to infinity: transitional and long-run dynamics in capital–resource economies

It is now generally agreed that the prediction of long-run development has to include natural resource use. To focus on the long run is, however, not equivalent to the use of balanced growth assumptions. It should be kept in mind that reaching a long-run equilibrium might take considerable time. Transition phases often exhibit characteristics which differ from the long-run state of the economy, but are important for its nature.
Year of publication:
2008
Authors: BRETSCHGER, LUCAS ; PITTEL, KAREN
Published in:
Environment and Development Economics. - Cambridge University Press. - Vol. 13.2008, 06, p. 673-689
Publisher: Cambridge University Press
Description of contents: Abstract [journals.cambridge.org]
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10005243616
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