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Human Capital, Resource Constraints and Intergenerational Fairness

Valente, Simone - 2007

This paper studies an endogenous growth model with human capital, exhaustible resources, and overlapping generations. Under laissez-faire, higher study time reduces depletion rates by increasing the share of re- sources that present generations are willing to sell to successors. However, selfish...

Persistent link: https://www.econbiz.de/10011753132

Endogenous Growth, Backstop Technology Adoption and Optimal Jumps

Valente, Simone - 2009

We study a two-phase endogenous growth model in which the adoption of a backstop technology (e.g. solar) yields a sustained supply of essential energy inputs previously obtained from exhaustible resources (e.g. oil). Growth is knowledge-driven and the optimal timing of technology switching is...

Persistent link: https://www.econbiz.de/10011753168

Endogenous Growth, Asymmetric Trade and Resource Taxation

Bretschger, Lucas; Valente, Simone - 2010

Since 1980, the aggregate income of oil-exporting countries relative to that of oil- poor countries has been remarkably constant despite structural gaps in productivity growth rates. This stylized fact is analyzed in a two-country model where resource- poor (Home) and resource-rich (Foreign)...

Persistent link: https://www.econbiz.de/10011753196

Long-Run Growth and Recycling: A Material Balance Approach

Pittel, Karen; Amigues, Jean-Pierre; Kuhn, Thomas - 2006

In this paper we analyze the implications of recycling for long-run economic development. In contrast to former approaches, we take explicit account of the circulation of matter in the economy. Building upon a Romer (1990) type growth model we consider virgin resources and recycled wastes as...

Persistent link: https://www.econbiz.de/10011753102

The Direction of Technical Change in Capital-Resource Economies

Di Maria, Corrado; Valente, Simone - 2006

We analyze a multi-sector growth model with directed technical change where man-made capital and exhaustible resources are essen- tial for production. The relative profitability of factor-specific inno- vations endogenously determines whether technical progress will be capital- or...

Persistent link: https://www.econbiz.de/10011753115

How do unanticipated discoveries of oil fields affect the oil price?

Leinert, Lisa - 2010

The Hotelling rule argues that the price for a nonrenewable resource adjusts to the shadow value of the resource, reflecting the remaining availability of the resource. We empirically test the Hotelling rule on the effect of unanticipated oil field discoveries. We do not find evidence for a...

Persistent link: https://www.econbiz.de/10011753204

Notes on Habit Formation and Socially Optimal Growth

Valente, Simone - 2006

The interaction between habit formation and pollution-type ex- ternalities modifies the social optimum through discount …

Persistent link: https://www.econbiz.de/10011753113

Regime of Obstruction: How Corporate Power Blocks Energy Democracy

Carroll, William K. (contributor) - 2021

sociological and political theory, this comprehensive volume provides hard data and empirical research that traces the power and …

Persistent link: https://www.econbiz.de/10014322676

Survival to Adulthood and the Growth Drag of Pollution

Schaefer, Andreas - 2016

Environmental pollution adversely affects children’s probability to survive to adulthood, reduces thus parental … inequality and pollution on children’s health may be amplified, if the population group that is least affected decides about tax …-financed abatement measures. Our theory provides a candidate explanation for (1) the observed positive correlation between inequality and …

Persistent link: https://www.econbiz.de/10011753305

Optimal Growth when Environmental Quality is a Research Asset

Groth, Christian; Ricci, Francesco - 2009

If environmental quality positively affects the productivity of labor in R&D and pollution is caused by the use of a …

Persistent link: https://www.econbiz.de/10010320983