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Economic Growth Models and the Role of Physical Resources

by Senior Research Fellow at INSEAD on Feb 11, 2010

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Conventional economic theory assumes that technological progress is exogenous and that resource consumption is a consequence, not a cause, of growth. The reality is more complex. In effect energy ...

Conventional economic theory assumes that technological progress is exogenous and that resource consumption is a consequence, not a cause, of growth. The reality is more complex. In effect energy consumption is just as much a driver or economic growth as it is a consequence.

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Economic Growth Models and the Role of Physical Resources Economic Growth Models and the Role of Physical Resources Document Transcript