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Economic growth featuring costly extraction of low entropy natural resources

Hermansson, Henrik (2008)
Department of Economics
Abstract
This thesis explores a model of economic growth in which natural resources are complements to labour and capital in production and the extraction of those resources requires labour and capital to be diverted from production. In other words, capital and labour have two complementary roles in the model and their allocation between the roles help determine total output as well as economic inequality. Environmental limits to the extraction of natural resources are also entered into the model. The end result is a model which is both practical for empiric purposes and familiar in structure to neoclassical models despite that it's assumptions are based on ecological economics.
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@misc{1335866,
  abstract     = {This thesis explores a model of economic growth in which natural resources are complements to labour and capital in production and the extraction of those resources requires labour and capital to be diverted from production. In other words, capital and labour have two complementary roles in the model and their allocation between the roles help determine total output as well as economic inequality. Environmental limits to the extraction of natural resources are also entered into the model. The end result is a model which is both practical for empiric purposes and familiar in structure to neoclassical models despite that it's assumptions are based on ecological economics.},
  author       = {Hermansson, Henrik},
  keyword      = {economic growth,entropy,costly resource extraction,ecological economics,Economics, econometrics, economic theory, economic systems, economic policy,Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik},
  language     = {eng},
  note         = {Student Paper},
  title        = {Economic growth featuring costly extraction of low entropy natural resources},
  year         = {2008},
}