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