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Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R&D-based endogenous growth model with exhaustible...
Persistent link: https://www.econbiz.de/10005230919
including the environment and pollution generation. …
Persistent link: https://www.econbiz.de/10005245550
order to analyze the impact of income and environmental inequality, and of democratization on aggregate pollution. We find … equal income distribution generates, ceteris paribus, less pollution, which is consistent with indirect empirical evidence … legislation so that aggregate pollution decreases. …
Persistent link: https://www.econbiz.de/10005207120
emissions harms social welfare. Since the abatement technology allows reducing the effective pollution for each unit of resource … use, extraction and pollution are partially disconnected. Abatement accelerates the optimal extraction pace, though it may …
Persistent link: https://www.econbiz.de/10004998341
that affect physical and human capital formation, pollution taxes that affect environmental degradation, and regeneration … abatement knowledge relative to pollution. First, either of these two extensions can reverse the prior finding that pollution …. Fourth, we show whether a greater need for public spending leads to greater increases in the distorting tax or pollution tax …
Persistent link: https://www.econbiz.de/10005034913
\Ve consider a discounter stochastic game of common-property capital accumulation with nonsymetric players. bounded Due-period extraction capacities, and a transition law satisfying a general strong convexity condition. We show that the infinite-horizon problem has a Markov-stationary...
Persistent link: https://www.econbiz.de/10005043741
The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic...
Persistent link: https://www.econbiz.de/10010352465
In this paper we discuss the influence of using different production functions on modeling the resource extraction rates and economic growth. The focus is set on the modeling of the production sector, which requires either non-renewable resources, renewable resources or a combination of both...
Persistent link: https://www.econbiz.de/10010398464
Using a dynamic model with non-renewable natural resources and endogenous knowledge creation, the paper analyses economic development under conditions which are generally considered as most unfavourable. We assume poor substitution between primary input factors, positive population growth and a...
Persistent link: https://www.econbiz.de/10005097456
The attitude of future generations towards environmental assets could be different from ours, and it is necessary to take into account explicitly this possibility in the current debate about environmental policy. The question we address here is : should uncertainty about future preferences lead...
Persistent link: https://www.econbiz.de/10005630725