Is natural capital really substitutable?

The extent to which natural capital can be substituted with manufactured or human capital in production is a key determinant of the possibility of long-run sustainable economic development. We review empirical literature pertaining to the degree of substitutability between natural capital and other...

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Bibliographic Details
Main Authors: Cohen, F, Hepburn, C, Teytelboym, A
Format: Journal article
Published: Annual Reviews 2019

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