TY - JOUR
T1 - The possibility of continuous growth with exhaustible resources: Unknowingly an agreement has been reached, but it may not be correct
AU - Petith, Howard
PY - 2003/1/1
Y1 - 2003/1/1
N2 - It is the size of the elasticity of substitution that has been the central issue in the long debate over the possibility of continuous growth in the presence of exhaustible resources. This paper reviews the debate and comes to the surprising conclusion that, unnoticed by pessimists, the optimist position has gradually evolved so that it now approximates that of the pessimists. The paper also summarizes some preliminary work by the author that indicates that this common position may not be correct. © 2003 Rocky Mountain Mathematics Consortium.
AB - It is the size of the elasticity of substitution that has been the central issue in the long debate over the possibility of continuous growth in the presence of exhaustible resources. This paper reviews the debate and comes to the surprising conclusion that, unnoticed by pessimists, the optimist position has gradually evolved so that it now approximates that of the pessimists. The paper also summarizes some preliminary work by the author that indicates that this common position may not be correct. © 2003 Rocky Mountain Mathematics Consortium.
KW - Elasticity of substitution
KW - Exhaustible resources
KW - Innovation possibility frontier
UR - https://www.scopus.com/pages/publications/84887247491
U2 - 10.1111/j.1939-7445.2003.tb00108.x
DO - 10.1111/j.1939-7445.2003.tb00108.x
M3 - Article
SN - 0890-8575
VL - 16
SP - 161
EP - 173
JO - Natural Resource Modeling
JF - Natural Resource Modeling
IS - 2
ER -