Skip to main content

Limits-to-Growth Theory

  • Chapter
Coordination and Growth

Abstract

The paper studies the implications for growth theory of the limits-to-growth debate, discussing three issues that have occupied a prominent place since the seventies.(1) Maintaining growth: can growth be sustained in the rich and still growing countries despite the limited supply of production factors such as land and labour? (2) Initiating growth: will per capita growth also be possible for those who are currently poor? (3) Avoiding decline: how to manage the exhaustibility of natural resources and the possible irreversible degradation of reproductive systems?

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Aghion, P. and P. Howitt (1998), Endogenous Growth Theory, Cambridge: MIT Press.

    Google Scholar 

  • Arthur, W.B., Y.M. Ermoliev and Y.M. Kaniovski (1987), “Path-Dependent Processes and the Emergence of Macro-Structure,” European Journal of Operational Research 30, pp. 294–303.

    Article  Google Scholar 

  • Bliss, C.J. (1975), Capital Theory and the Distribution of Income, Amsterdam: North-Holland.

    Google Scholar 

  • Böhm, V. and K.R. Schenk-Hoppé (1998), Macrodyn, a User’s Guide, Department of Economics, University of Bielefeld, Discussion paper 400.

    Google Scholar 

  • Boldrin, M. and L. Montrucchio (1986), “On the Indeterminacy of Capital Accumulation Paths,” Journal of Economic Theory 40, pp. 26–39.

    Article  Google Scholar 

  • Bovenberg, A.L. and S.A. Smulders (1995), “Environmental Quality and Pollution-Augmenting Technological Change in a Two-Sector Endogenous Growth Model,” Journal of Public Economics 57, pp. 369–391.

    Article  Google Scholar 

  • Burmeister, E. (1980), Capital Theory and Dynamics, Cambridge: Cambridge University Press.

    Google Scholar 

  • Chichilnisky, G. (1997) “What is Sustainable Development,” Land Economics 73, pp. 467–491.

    Article  Google Scholar 

  • Clark, C.W. (1997), “Renewable Resources and Economic Growth,” Ecological Economics 22, pp. 275–276.

    Article  Google Scholar 

  • Cooley, T.F. (ed.) (1995), Frontiers of Business Cycles Research, Princeton: Princeton University Press.

    Google Scholar 

  • Dales, J.H. (1968), “Land, Water, and Ownership,” Canadian Journal of Economics 1, pp. 791–804.

    Article  Google Scholar 

  • Daly, H.E. (1996), Steady-State Economics, 2nd edition, London: Earthscan.

    Google Scholar 

  • Denison, E.F. (1962), “Education, Economic Growth, and Gaps in Information,” Journal of Political Economy 70, pp. 124–128.

    Article  Google Scholar 

  • Dollar, D. and L. Pritchett (1998), Assessing Aid: What Works, What Doesn’t, and Why, New York: Oxford University Press.

    Google Scholar 

  • Dosi, G., Y.M. Ermoliev and Y.M. Kaniovski (1994), “Generalized Urn Schemes and Technological Dynamics,” Journal of Mathematical Economics 23, pp. 1–19.

    Article  Google Scholar 

  • Ellerman, D. (2000), Helping People Help Themselves: The Challenge of Autonomy-Compatible Assistance, World Bank, New York.

    Google Scholar 

  • Ermoliev, Y.M., M.A. Keyzer and V. Norkin (2000), “Global Convergence of the Stochastic Tâtonnement Process,” Journal of Mathematical Economics 34, pp. 173–190.

    Article  Google Scholar 

  • Forrester, J.W. (1971), World Dynamics, Cambridge: Wright-Allen Press.

    Google Scholar 

  • Freeman, C. and L.G. Soete (1997), The Economics of Industrial Innovation, London: Pinter.

    Google Scholar 

  • Gerlagh, R. (1998), The Efficient and Sustainable Use of Environmental Resource Systems, Amsterdam: Thela Thesis.

    Google Scholar 

  • Gerlagh, R. and M.A. Keyzer (1999), Postponing Efficiency: Effect on Equilibrium Selection in Economies with Exhaustible Resources and Amenity Values, WP-99-09, SOW-VU, Centre for World Food Studies, Amsterdam.

    Google Scholar 

  • Gerlagh, R. and M.A. Keyzer (2001), “Sustainability and the Intergenerational Distribution of Natural Resource Entitlements,” Journal of Public Economics 79(2), pp. 315–341.

    Article  Google Scholar 

  • Ginsburgh, V. and M.A. Keyzer (1997), The Structure of Applied General Equilibrium Models, Cambridge: MIT Press.

    Google Scholar 

  • Hahn, F.H. and R.C.O. Matthews (1964), “The Theory of Economic Growth: A Survey,” The Economic Journal 74, pp. 779–891.

    Article  Google Scholar 

  • Hartwick, J.M. (1977), “Intergenerational Equity and the Investing of Rents from Exhaustible Resources,” The American Economic Review 67, pp. 972–974.

    Google Scholar 

  • Kehoe, T.J. (1991), “Computation and Multiplicity of Equilibria,” in W. Hildenbrand and H. Sonnenschein (eds.), Handbook of Mathematical Economics, Part IV, Amsterdam: North-Holland, Chapter 38.

    Google Scholar 

  • Kuipers, S.K. and A. Nentjes (1973), “Pollution in a Neo-Classical World: The Classics Rehabilitated?” De Economist 121, pp. 52–67.

    Article  Google Scholar 

  • Laan, G. van der (1998), Evolutionary Game Theory and the Modeling of Economic Behavior, Dordrecht: Kluwer

    Google Scholar 

  • Lucas, R.E., jr. (1988), “On the Mechanics of Economic Development,” Journal of Monetary Economics 22, pp. 3–42.

    Article  Google Scholar 

  • Meadows, D.H., D.L. Meadows, J. Randers and W.W. Behrens (eds.) (1972), The Limits to Growth, London: Earth Island Limited.

    Google Scholar 

  • Morishima, M. (1964), Equilibrium, Stability and Growth, Oxford: Oxford University Press.

    Google Scholar 

  • Mourmouras, A. (1993), “Conservationist Government Policies and Intergenerational Equity in an Overlapping Generations Model with Renewable Resources,” Journal of Public Economics 51, pp. 249–268.

    Article  Google Scholar 

  • Negishi, T. (1960), “Welfare Economics and Existence of Equilibrium for a Competitive Economy,” Metroeconomica 12, pp. 92–97.

    Article  Google Scholar 

  • Nelson, R.R. (1995), “Recent Evolutionary Theorizing about Economic Change,” Journal of Economic Literature 33, pp. 48–90.

    Google Scholar 

  • Neumann, J. von (1945), “A Model of General Economic Equilibrium,” Review of Economic Studies 13, pp. 1–9.

    Article  Google Scholar 

  • Nordhaus, W.D. (1973), “World Dynamics: Measurement without Data,” The Economic Journal 83, pp. 1156–1183.

    Article  Google Scholar 

  • Robinson, J. (1970), “Harrod after Twenty-One Years: A Reply,” The Economic Journal 80, pp. 741.

    Article  Google Scholar 

  • Robinson, J. (1971), “The Existence of Aggregate Production Functions: Comment,” Econometrica 39, pp. 405

    Google Scholar 

  • Romer, P.M. (1986), “Increasing Returns and Long-Run Growth,” Journal of Political Economy 94(5), pp. 1002–1037.

    Article  Google Scholar 

  • Romer, P.M. (1990), “Endogenous Technological Change,” Journal of Political Economy 98(5), pp. S71–S102

    Article  Google Scholar 

  • Schelling, T.C. (1992), “Some Economics of Global Warming,” American Economic Review 82, pp. 1–14.

    Google Scholar 

  • Solow, R.M. (1974), “Intergenerational Equity and Exhaustible Resources,” Review of Economic Studies 41, pp. 29–45.

    Article  Google Scholar 

  • Stokey, N.L. (1998), “Are there Limits to Growth?,” International Economic Review 39(1), pp. 1–31.

    Article  Google Scholar 

  • Tinbergen, J. and H.C. Bos (1962), Mathematical Models of Economic Growth. New York: McGraw-Hill.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2001 Springer Science+Business Media New York

About this chapter

Cite this chapter

Gerlagh, R., Keyzer, M.A. (2001). Limits-to-Growth Theory. In: Kuper, G.H., Sterken, E., Wester, E. (eds) Coordination and Growth. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1549-4_13

Download citation

  • DOI: https://doi.org/10.1007/978-1-4615-1549-4_13

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-5609-7

  • Online ISBN: 978-1-4615-1549-4

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics