Sustainable economic development: on the coexistence of resource-dependent and resource-impacting industries
AbstractThis paper studies the interactions between harvesters that depend on the renewable resource as a vital factor of production (i.e., fisheries) and industries that can have important impacts on the renewable resource but whose production does not depend on it (i.e., off-shore oil extraction) in the context of a growing economy. We examine these issues in the context of a closed economy focusing on how the co-existence between these two sectors affects the potential for sustainable development and how the well-being of the poor, i.e., the harvesters, is affected. We identify conditions under which existence and expansion of a resource-impacting sector may make sustainable development more likely. However, if these conditions are not met growth of the resource-impacting sector leads to resource depletion or even complete extinction and thus to the disappearance of the harvesting activity over the long run.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal Environment and Development Economics.
Volume (Year): 15 (2010)
Issue (Month): 06 (December)
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Other versions of this item:
- Lopez, Ramon E., 2010. "Sustainable Economic Development: On the Coexistence of Resource-Dependent and Resource-Impacting Industries," Working Papers 92390, University of Maryland, Department of Agricultural and Resource Economics.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Smulders, Sjak & van Soest, Daan & Withagen, Cees, 2004.
"International trade, species diversity, and habitat conservation,"
Journal of Environmental Economics and Management,
Elsevier, vol. 48(2), pages 891-910, September.
- Smulders, J.A. & Soest, D.P. van & Withagen, C.A.A.M., 2004. "International trade, species diversity and habitat conservation," Open Access publications from Tilburg University urn:nbn:nl:ui:12-140731, Tilburg University.
- Angelo Antoci & Paolo Russu & Elisa Ticci, 2011.
"Investement inflows and sustainable development in a natural resource-dependent economy,"
Department of Economic Policy, Finance and Development (DEPFID) University of Siena
0311, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
- Angelo Antoci & Paolo Russu & Elisa Ticci, 2013. "Investment inflows and sustainable development in a natural resource-dependent economy," Department of Economics University of Siena 670, Department of Economics, University of Siena.
- Sjak Smulders & Michael Toman & Cees Withagen, 2014. "Growth Theory and "Green Growth"," OxCarre Working Papers 135, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
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