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Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: From time zero to infinity : transitional and long-run dynamics in capital–resource economies
Authors: Bretschger, Lucas
Pittel, Karen
DOI: 10.21256/zhaw-3939
Published in: Environment and Development Economics
Volume(Issue): 13
Issue: 6
Page(s): 673
Pages to: 689
Issue Date: 2008
Publisher / Ed. Institution: Cambridge University Press
ISSN: 1355-770X
Language: English
Subjects: Transitional; Long-run dynamics; Capital-resource economy
Subject (DDC): 333: Economics of land and resources
Abstract: 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. We discuss a number of different drivers that govern the transition to the steady state, including the development of stocks, substitution possibilities, savings decisions, and institutions. Based on this theoretical evaluation, we discuss five contributions of the conference on sustainable resource use and economic dynamics (SURED 2006) included in this special issue.
Further description: Erworben im Rahmen der Schweizer Nationallizenzen (
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Center for Economic Policy (FWP)
Appears in collections:Publikationen School of Management and Law

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