Cyclical Growth and Primary Resource Constraint

Creators: Amendola, Mario; Froeschlé, Claude; Lega, Elena; Gaffard, Jean-Luc

Others:: Università degli Studi di Roma "La Sapienza" = Sapienza University [Rome] (UNIROMA); Laboratoire de Cosmologie, Astrophysique Stellaire & Solaire, de Planétologie et de Mécanique des Fluides (CASSIOPEE) ; Université Nice Sophia Antipolis (1965 - 2019) (UNS) ; COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-Institut national des sciences de l'Univers (INSU - CNRS)-Observatoire de la Côte d'Azur ; COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-Université Côte d'Azur (UCA)-Université Côte d'Azur (UCA)-Centre National de la Recherche Scientifique (CNRS); Sylvie Faucheux; David William Pearce; John Proops

Description

The most important limit to growth, in traditional as well as more recent growth models, is the shortage of primary factors. This implies a lower growth rate unless technical progress makes it possible to partially release the primary resource constraint. However, this divertes the attention from the crucial aspects of dynamic processes : structural aspects and, paramount, the time structure of production. This paper is an attempt to construct a model of change, in a neo-austrian perspective, in which the sequential character of production appears as the truly essential limit to growth

Cyclical Growth and Primary Resource Constraint

Description

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