The Return of Malthus? Resource Contraints in an Era of Declining Population Growth
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Date
2020-09
Publication Type
Journal Article
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yes
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Abstract
Will natural resources comprise an important constraint on economic development in the 21st century? We use a macroeconomic model (MAVA) to demonstrate the precise nature of this problem. First, we employ the model to demonstrate that resource constraints do not substantially limit future economic growth under parametric conditions prevailing in the period 1960-2010. Second, we examine the sorts of changed conditions that are unavoidable in the coming century and demonstrate that declining population growth (and the increased dependency rates this implies) is likely to result in increasingly important resource constraints. Ironically, it is the decline in population growth rates-and not the opposite-that may occasion the return of Malthusian constraints. (c) 2020 Elsevier B.V. All rights reserved.
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published
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Journal / series
Volume
128
Pages / Article No.
103499
Publisher
Elsevier
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Subject
Resources; Population; Human capital; Technology
Organisational unit
03877 - Bommier, Antoine / Bommier, Antoine