With Low-Carbon Resources’ Constraint the Satisfactory Conditions for R&amp;D Endogenous Growth Model

De Fa Cai; Ru Yun Dai; Jing Cai

doi:10.4028/www.scientific.net/AMR.1073-1076.2755

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 1073-1076With Low-Carbon Resources’ Constraint the...

With Low-Carbon Resources’ Constraint the Satisfactory Conditions for R&D Endogenous Growth Model

Abstract:

Low-Carbon Resources include low-consumption energy like renewable resources, new energy, clean power, etc. From the perspective of fiscal policy, to study and develop R&D will affect the progress of technology directly, and to develop Low-Carbon Economy needs the innovation of Low-Carbon technology. Thus, the government’s R&D investment is crucial to developing Low-Carbon technology and Low-Carbon Economy. This thesis combines the endogenous growth theory with the sustainability of Low-Carbon Resources, and uses the R&D endogenous growth model to give one under the constraint of Low-Carbon resources. It comes to a relevant conclusion, that is, assuming that the society requires a sustainable consumption in consuming the rest of exhaustible resource, the labor investment of R&D sectors should meet the basic conditions.

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Periodical:

Advanced Materials Research (Volumes 1073-1076)

Pages:

2755-2758

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.1073-1076.2755

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Online since:

December 2014

Authors:

De Fa Cai*, Ru Yun Dai, Jing Cai

Keywords:

Endogenous Growth Model, Low-Carbon Economy (LCE), R&D, Resource Constraint

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