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Sustainable growth with irreversible stock effects of renewable resources

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  • López, Ramón E.
  • Yoon, Sang W.

Abstract

This paper examines sustainability conditions when the stock effects of renewable resources prevail, and characterizes the maximal critical level of initial pollution emissions such that Pigovian tax alone ensures sustainable growth.

Suggested Citation

  • López, Ramón E. & Yoon, Sang W., 2016. "Sustainable growth with irreversible stock effects of renewable resources," Economics Letters, Elsevier, vol. 147(C), pages 153-156.
    • Handle: RePEc:eee:ecolet:v:147:y:2016:i:c:p:153-156
    DOI: 10.1016/j.econlet.2016.08.044
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    References listed on IDEAS

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    1. Daron Acemoglu & Philippe Aghion & Leonardo Bursztyn & David Hemous, 2012. "The Environment and Directed Technical Change," American Economic Review, American Economic Association, vol. 102(1), pages 131-166, February.
    2. Figueroa B., Eugenio & Pasten, Roberto, 2013. "A tale of two elasticities: A general theoretical framework for the environmental Kuznets curve analysis," Economics Letters, Elsevier, vol. 119(1), pages 85-88.
    3. Martin L. Weitzman, 2009. "On Modeling and Interpreting the Economics of Catastrophic Climate Change," The Review of Economics and Statistics, MIT Press, vol. 91(1), pages 1-19, February.
    4. López, Ramón E. & Yoon, Sang W., 2014. "Pollution–income dynamics," Economics Letters, Elsevier, vol. 124(3), pages 504-507.
    5. A. Markandya, 1998. "The conditions for achieving environmentally sustainable development," Chapters, in: The Economics of Environment and Development, chapter 3, pages 43-53, Edward Elgar Publishing.
    6. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    Cited by:

    1. López, Ramón E. & Yoon, Sang W., 2020. "Sustainable development: Structural transformation and the consumer demand," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 22-38.
    2. Eugenio Figueroa & Ramón E. López & Gino Sturla, 2019. "Efficient Water Allocation when Climate is Changing: An interdisciplinary approach," Working Papers wp489, University of Chile, Department of Economics.

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    More about this item

    Keywords

    Sustainable growth; Stock effects; Optimal pollution tax; Renewable resources;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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