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- W2622805976 abstract "This paper addresses the issue of institutional and technical adaptation to environmental scarcity integrating recent research upon the determinants of economic growth with work upon the factors which influence the supply of knowledge in response to social stress. It shows that there are circumstances in which environmental scarcities can undermine the capacity of a society to supply the institutional reform needed to deal with such scarcity. Some societies are therefore at risk of becoming trapped in a downward spiral of scarcity social turmoil and institutional failure. The authors explain that endogenous growth models have revived the debate over the role of technological innovation in economic growth and development. The consensus view is that institutional and policy failures prevent poor countries from generating or using new technological ideas to reap greater economic opportunities. That view however omits the important contribution of natural resource degradation and depletion to institutional instability. The authors explain that rather than generating automatic market and innovation responses worsening resource scarcities in poor countries can lead to social conflict which disrupts the institutional and policy environment necessary for successful innovation. This indirect constraint of resource scarcity may help explain the disappointing growth performance of many poor countries. Sections cover resource scarcity innovation and social ingenuity; evidence from poor economies; and the Romer-Stiglitz model." @default.
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- W2622805976 date "1996-01-01" @default.
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- W2622805976 title "Resource scarcity institutional adaptation and technical innovation: can poor countries attain endogenous growth?" @default.
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