Publikationstyp: Working Paper – Gutachten – Studie
Titel: Endogenous growth and recycling : a material balance approach
Autor/-in: Pittel, Karen
Amigues, Jean-Pierre
Kuhn, Thomas
DOI: 10.3929/ethz-a-004933368
Umfang: 33
Erscheinungsdatum: 2005
Reihe: Economics Working Paper Series
Reihenzählung: 5(37)
Verlag / Hrsg. Institution: ETH Zürich
Verlag / Hrsg. Institution: Zürich
Sprache: Englisch
Fachgebiet (DDC): 363: Umwelt- und Sicherheitsprobleme
Zusammenfassung: In this paper we analyze the importance of recycling in the strive for sustainable development. In contrast to former approaches we emphasize the role of the waste stock as a source of valuable inputs. We enhance a Romer (1990) type endogenous growth model by a material balance condition that reflects the circulation of matter in the economy. Differentiated intermediate products are produced from recycled waste and virgin resources. These material intermediates are then employed in the production of final output. They either end up as waste after consumption or are bound in the capital stock depending on the utilization of the produced output. We show that, even in the absence of environmental policy, long-run development is sustainable in this economy. The intuition is, that, as waste is a valuable resource in our model, not recycling part of it, cannot be optimal in the long-run.
Lizenz (gemäss Verlagsvertrag): Lizenz gemäss Verlagsvertrag
Departement: School of Management and Law
Organisationseinheit: Fachstelle für Wirtschaftspolitik (FWP)
Enthalten in den Sammlungen:Publikationen School of Management and Law

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