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Ressources naturelles, impatience et progrès technique

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  • Jean-Pierre Amigues
  • Ngo Van Long
  • Michel Moreaux

Abstract

This paper studies the intertemporal substitutions between the use of renewable and non renewable resources if the productivities of the different kinds of resources are improved through time by exogenous trends of dedicated technical progress. We show that the optimal exploitation paths of the resources may exhibit much more complex patterns than those predicted by a usual rule of exploitation by increasing costs order. More precisely, we show that in some circumstances, it is optimal for the society to split in two distinct phases the exploitation of the exhaustible resource, separated by a phase of exploitation of the sole renewable resource. Classification JEL : Q20, Q30, Q40, Q55

Suggested Citation

  • Jean-Pierre Amigues & Ngo Van Long & Michel Moreaux, 2006. "Ressources naturelles, impatience et progrès technique," Revue économique, Presses de Sciences-Po, vol. 57(2), pages 185-218.
    • Handle: RePEc:cai:recosp:reco_572_0185
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    References listed on IDEAS

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    1. Chakravorty, Ujjayant & Magne, Bertrand & Moreaux, Michel, 2006. "A Hotelling model with a ceiling on the stock of pollution," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2875-2904, December.
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    4. Robson, Arthur J, 1980. "Costly Innovation and Natural Resources," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 17-30, February.
    5. Grimaud, Andre & Rouge, Luc, 2003. "Non-renewable resources and growth with vertical innovations: optimum, equilibrium and economic policies," Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 433-453, March.
    6. Partha Dasgupta & Geoffrey Heal, 1974. "The Optimal Depletion of Exhaustible Resources," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(5), pages 3-28.
    7. Tahvonen, Olli & Salo, Seppo, 2001. "Economic growth and transitions between renewable and nonrenewable energy resources," European Economic Review, Elsevier, vol. 45(8), pages 1379-1398, August.
    8. Morton I. Kamien & Nancy L. Schwartz, 1978. "Optimal Exhaustible Resource Depletion with Endogenous Technical Change," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 45(1), pages 179-196.
    9. Chakravorty, Ujjayant & Magné, Bertrand & Moreaux, Michel, 2004. "Plafond de concentration atmosphérique en carbone et substitutions entre ressources énergétiques," IDEI Working Papers 260, Institut d'Économie Industrielle (IDEI), Toulouse.
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    Cited by:

    1. Murray C. Kemp & Ngo Van Long, 2007. "Extracting Several Resource Deposits of Unknown Size: Optimal Order," CIRANO Working Papers 2007s-10, CIRANO.

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    More about this item

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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