| Publication type: | Working paper – expertise – study |
| Title: | Endogenous growth and recycling : a material balance approach |
| Authors: | Pittel, Karen Amigues, Jean-Pierre Kuhn, Thomas |
| DOI: | 10.3929/ethz-a-004933368 |
| Extent: | 33 |
| Issue Date: | 2005 |
| Series: | Economics Working Paper Series |
| Series volume: | 5(37) |
| Publisher / Ed. Institution: | ETH Zürich |
| Publisher / Ed. Institution: | Zürich |
| Language: | English |
| Subject (DDC): | 363: Environmental and security problems |
| Abstract: | 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. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/15026 |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Management and Law |
| Organisational Unit: | Center for Labor, Digital and Regional Economics (CLDR) |
| Appears in collections: | Publikationen School of Management and Law |
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Pittel, K., Amigues, J.-P., & Kuhn, T. (2005). Endogenous growth and recycling : a material balance approach. ETH Zürich. https://doi.org/10.3929/ethz-a-004933368
Pittel, K., Amigues, J.-P. and Kuhn, T. (2005) Endogenous growth and recycling : a material balance approach. Zürich: ETH Zürich. Available at: https://doi.org/10.3929/ethz-a-004933368.
K. Pittel, J.-P. Amigues, and T. Kuhn, “Endogenous growth and recycling : a material balance approach,” ETH Zürich, Zürich, 2005. doi: 10.3929/ethz-a-004933368.
PITTEL, Karen, Jean-Pierre AMIGUES und Thomas KUHN, 2005. Endogenous growth and recycling : a material balance approach. Zürich: ETH Zürich
Pittel, Karen, Jean-Pierre Amigues, and Thomas Kuhn. 2005. “Endogenous Growth and Recycling : A Material Balance Approach.” Zürich: ETH Zürich. https://doi.org/10.3929/ethz-a-004933368.
Pittel, Karen, et al. Endogenous Growth and Recycling : A Material Balance Approach. ETH Zürich, 2005, https://doi.org/10.3929/ethz-a-004933368.
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