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https://doi.org/10.1080/1331677X.2019.1637762

Substitutes or complements? Relationship between natural resources and physical capital–a few stylised facts

Maciej Malaczewski ; Department of Econometrics, University of Łódź, Łódź, Poland

Puni tekst: engleski, pdf (2 MB) str. 2195-2211 preuzimanja: 47* citiraj
APA 6th Edition
Malaczewski, M. (2019). Substitutes or complements? Relationship between natural resources and physical capital–a few stylised facts. Economic research - Ekonomska istraživanja, 32 (1), 2195-2211. https://doi.org/10.1080/1331677X.2019.1637762
MLA 8th Edition
Malaczewski, Maciej. "Substitutes or complements? Relationship between natural resources and physical capital–a few stylised facts." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 2195-2211. https://doi.org/10.1080/1331677X.2019.1637762. Citirano 31.03.2020.
Chicago 17th Edition
Malaczewski, Maciej. "Substitutes or complements? Relationship between natural resources and physical capital–a few stylised facts." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 2195-2211. https://doi.org/10.1080/1331677X.2019.1637762
Harvard
Malaczewski, M. (2019). 'Substitutes or complements? Relationship between natural resources and physical capital–a few stylised facts', Economic research - Ekonomska istraživanja, 32(1), str. 2195-2211. https://doi.org/10.1080/1331677X.2019.1637762
Vancouver
Malaczewski M. Substitutes or complements? Relationship between natural resources and physical capital–a few stylised facts. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 31.03.2020.];32(1):2195-2211. https://doi.org/10.1080/1331677X.2019.1637762
IEEE
M. Malaczewski, "Substitutes or complements? Relationship between natural resources and physical capital–a few stylised facts", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 2195-2211, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1637762

Sažetak
This paper considers the complementarity and substitutability of natural resources and physical capital. Unlike existing empirical research, concentrated on the estimation of the elasticity of substitution between energy and capital, the author focuses on macro data and the growth theory approach. The author considers the standard economic long-run growth models with substitutability or complementarity among natural resource use and physical capital in the production process. He derives from these models empirically verifiable theoretical relationships between their rates of growth. The author also uses cross-country long-run data to obtain an empirical correlation between these growth rates and finds evidence in favour of gross complementarity between the examined factors of production on the macro level in the long run

Ključne riječi
Non-renewable resources; economic growth; substitutability; complementarity

Hrčak ID: 229536

URI
https://hrcak.srce.hr/229536

Posjeta: 76 *