This modern and comprehensive book offers a broad survey of economic growth theory, with special emphasis on the impact of natural resources on long-term development. The book begins with the standard growth models of the 1950s and 1960s and extends its analysis to the so-called 'new' growth theory, in which the long-term growth rate of an economy becomes an endogenous variable. The impact of positive spillovers, human capital formation, public services and innovation on the growth process are carefully studied. Using models and empirical illustration, the author evaluates to what extent growth theory is able to explain the huge international differences in living standards prevailing in the world today. The theoretical foundation is then used to consider the issue of sustainable growth under stricter environmental regulation. Growth Theory and Sustainable Development shows that the understanding of growth theory is an important key to predict the sustainability of long-term development, making it required reading for students of economic development and environmental economics.

The chapters in the book cover a broad range of aspects regarding the relationship between natural resource use and long-term economic development. The book surveys existing literature as well as adds to frontier research. In particular, the following topics are studied: incentives for adoption and diffusion of clean technology, resource scarcity and limits to growth, international convergence of energy intensity, and the social norms shaping resource depletion.

The chapters in the book cover a broad range of aspects regarding the relationship between natural resource use and long-term economic development. The book surveys existing literature as well as adds to frontier research. In particular, the following topics are studied: incentives for adoption and diffusion of clean technology, resource scarcity and limits to growth, international convergence of energy intensity, and the social norms shaping resource depletion.

Nachhaltige Entwicklung und Integration uberlagern mehr und mehr die klassische Wachstumstheorie. Deshalb eignet sich dieses Werk sehr gut als Lehrbuch fur das volkswirtschaftliche Lehrgebiet Wachstum und Entwicklung."