One of the recurring themes in the sustainability literature has been the legitimacy of using an economic framework to account for natural resources. This paper examines the potential for substituting between different inputs in the generation of income, where the inputs include natural resources such as land and energy resources. A nested constant elasticity of substitution (CES) production function is used to allow flexibility in the estimated elasticities...
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INFORMACIÓN
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2006/01/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS3803
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1
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1
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2010/07/01
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Disclosed
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How substitutable is natural capital ?
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production function