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In this paper we examine the role played by environmental externalities in shaping the dynamics of an economy with two sectors (a farming sector and an industrial one), free inter-sectoral labor mobility and heterogeneous agents (workers/farmers and industrial entrepreneurs). We find that, in...
Persistent link: https://www.econbiz.de/10011051979
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
Vulnerability to scarcity or to reduction of natural capital depends on defensive substitution possibilities that, in turn, are affected by the availability of other productive factors. However, in several developing countries asset distribution tends to be highly skewed. Taking into ac- count...
Persistent link: https://www.econbiz.de/10005230914
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
degree of pollution. …
Persistent link: https://www.econbiz.de/10005475301
We study an economy in which a final good is produced by two sectors. One uses a non-renewable and polluting resource, the other a renewable and clean resource. A specific type of research is associated to each sector. The public authorities levy a carbon tax and simultaneously subsidize both...
Persistent link: https://www.econbiz.de/10011189073
We study an economy in which a final good is produced by two sectors. One uses a non-renewable and polluting resource, the other a renewable and clean resource. A specific type of research is associated to each sector. The public authorities levy a carbon tax and simultaneously subsidize both...
Persistent link: https://www.econbiz.de/10011189155
This paper is concerned with dynamic interactions between population change, wealth accumulation, and resource dynamics. Our model synthesizes economic mechanisms of some well-known models within a compact framework. Wealth accumulation is built on the Solow growth model. Dynamics of birth and...
Persistent link: https://www.econbiz.de/10011195079
Production often causes pollution as a by-product.Once pollution problems become too severe, regulation is introduced … claim that the rise and decline of pollution can be explained by policy-induced technology shifts. KKeywords: pollution …
Persistent link: https://www.econbiz.de/10011091295
Models of economic growth are typically based on the use of one or more stocks of productive assets to create goods for utility-generating consumption. The roles played by man-made capital, natural capital and human capital have been explored, often separately, in the literature, and more...
Persistent link: https://www.econbiz.de/10010561316