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| Author: | Ricker, M. |
| Title: | Limits to economic growth as shown by computable general equilibrium model |
| Journal: | Ecological Economics
1997 : MAY, VOL. 21:2, p. 141-158 |
| Index terms: | ECONOMIC GROWTH MODELS ENERGY POPULATION MODELS |
| Language: | eng |
| Abstract: | This paper defines economic growth as the growth of the value a society puts in monetary terms on all commercial and non-commercial values and goods it possesses during a certain period. The impact of changes in the endowments, preferences and production possibilities on economic income are shown using a computable general equilibrium model. Energy is the key endowment to drive an economy besides land with its natural resources and labor. The advancement of knowledge and values, which can not simply be included in an indicator of economic growth, is important. |
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