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This thesis uses neoclassical growth models to§evaluate what effect the limited availability of nonrenewable resources has on§the economy's (world's) growth potential. Markus Merz concludes that recycling§may serve as a mid-term solution to continued growth, but technological§progress is needed in the long-run. The theoretical analysis starts with the§well-known Dasgupta-Heal model and considers the effect of recycling and§technological progress on the resource constraints; resource-augmenting and§backstop technology are analyzed. After a thorough analysis of the models it is§concluded that the ultimate solution to long-term economic growth is a backstop§technology.