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 Under a Creative Commons license Open access AbstractTo reconsider the Malthusian predictions of natural limits to economic development, the paper develops a multi-sector growth model with exhaustible resource extraction, investments in physical and knowledge capital, climate change, and endogenous fertility. Economic growth is driven by endogenous innovations which increase in the availability and productivity of research labour. Poor substitution of natural resources triggers sectoral change. Climate change is the result of polluting resource use which is, like consumption and investments, based on the intertemporal optimization of the households. Highlighting the importance of bounded resource supply and of rational extraction decisions I show that climate change is independent of population growth in steady state and there is no causal relationship between climate and population during transition to steady state. The consumption per capita growth rate rises in the innovation rate and the output elasticities of labour and capital in the different sectors. Unlike climate policy, population policy is not warranted; it may be counterproductive because labour is crucial for the research sector. KeywordsPopulation growth Climate change Endogenous innovation Sectoral change Fertility choice JEL classificationQ43 O47 Q56 O41 Cited by (0)© 2020 The Author(s). Published by Elsevier B.V. Which concept refers to serious long term harm to the environment caused by humanity's focus on short term material affluence?Which concept refers to serious, long-term harm to the environment caused by humanity's focus on short-term material affluence? ecocentric. demonstrating how technology, cultural patterns, and political and economic arrangements affect the natural environment.
What is the term for the pattern by which environmental hazards are greatest for poor people and especially for minorities?environmental racism. the pattern by which environmental hazards are greatest for poor people, especially minorities.
Which concept refers to the incidence of death in a country's population?Mortality is the incidence of death in a country's population. Demographers measure mortality using both the crude death rate and the infant mortality rate.
Which term refers to the study and description of a population?The field of science interested in collecting and analyzing these numbers is termed population demographics, also known as demography. Broadly defined, demography is the study of the characteristics of populations.
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Which thesis states that humanity must constrain the growth of population and our use of finite resources to avoid eventual environmental collapse?
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