Page 9 - Discussion Paper: Sustainability Dynamics of Resource Use and Economic Growth
P. 9
Discussion Paper
Figure 7: Resource Efficiency Scenario
Source: TERI Research
Figure 8: Policy Testing: Resource Efficiency and Green Growth
Source: TERI Research
results indicate that the economy would grow more and for Policy 3: Expansion of Resource Base (technology
a relatively longer duration (Figures 7 and 8). The GDP of the advancements or new discoveries)
economy grows relatively more as compared to the resource
efficiency scenario while the peaking is delayed by few years. Model Parameters for Testing Expansion of Resource Base
However, the ultimate outcome remains the same, i.e., decline Economy’s Growth Rate = 1% to 7%
in resource stock and overshoot and decline of economy. Resource Intensity of Economy = reduced to 0.5 kg/rupee
from 1 kg/rupee
AUGUST 2015 9
Figure 7: Resource Efficiency Scenario
Source: TERI Research
Figure 8: Policy Testing: Resource Efficiency and Green Growth
Source: TERI Research
results indicate that the economy would grow more and for Policy 3: Expansion of Resource Base (technology
a relatively longer duration (Figures 7 and 8). The GDP of the advancements or new discoveries)
economy grows relatively more as compared to the resource
efficiency scenario while the peaking is delayed by few years. Model Parameters for Testing Expansion of Resource Base
However, the ultimate outcome remains the same, i.e., decline Economy’s Growth Rate = 1% to 7%
in resource stock and overshoot and decline of economy. Resource Intensity of Economy = reduced to 0.5 kg/rupee
from 1 kg/rupee
AUGUST 2015 9
