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Existing studies analyzing the so-called 'resource curse hypothesis' regress growth in gross domestic product (GDP) on some measure of resource-intensity. This is problematic as GDP counts natural and other capital depreciation as income. Deducting depreciation from GDP to arrive at genuine...
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Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak sustainable development that genuine saving not be persistently negative. However, according to data provided by the World Bank, resource-rich countries are systematically failing...
Persistent link: https://www.econbiz.de/10014071807
How much will the global population expand, can all these extra mouths be fed, and what is the role in this story of economic growth? We structurally estimate a two-sector Schumpeterian growth model with endogenous population and finite land reserves to study the long-run evolution of global...
Persistent link: https://www.econbiz.de/10011957725
We study how stochasticity in the evolution of agricultural productivity interacts with economic and population growth at the global level. We use a two-sector Schumpeterian model of growth, in which a manufacturing sector produces the traditional consumption good and an agricultural sector...
Persistent link: https://www.econbiz.de/10011957742
How much further will the global population expand, can all these extra mouths be fed, and what is the role in this story of economic growth? We study the interactions between global population, technological progress, per-capita income, demand for food and agricultural land expansion from 1960...
Persistent link: https://www.econbiz.de/10011115695
We structurally estimate a two-sector Schumpeterian growth model with endogenous population and finite land reserves to study the long-run evolution of global population, technological progress and the demand for food. The estimated model closely replicates trajectories for world population,...
Persistent link: https://www.econbiz.de/10011621554