Gaitan, Beatriz; Roe, Terry L. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2005
We investigate the Ramsey-like dynamics of nonrenewable resource abundance on economic growth and welfare in a two country world. One country is endowed with a non-renewable- resource Otherwise, countries are identical. The one country result of Rodríguez and Sachs (1999) that the initial stock...