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Growth in overlapping generation economies with non-renewable resources

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  • Agnani, Betty
  • Gutierrez, Maria-Jose
  • Iza, Amaia

Abstract

Published as an article in: Journal of Environmental Economics and Management, 2005, vol. 50, issue 2, pages 387-407.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 50 (2005)
Issue (Month): 2 (September)
Pages: 387-407

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Handle: RePEc:eee:jeeman:v:50:y:2005:i:2:p:387-407

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Web page: http://www.elsevier.com/locate/inca/622870

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References

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  1. Larry E. Jones & Rodolfo E. Manuelli, 1990. "Finite Lifetimes and Growth," NBER Working Papers 3469, National Bureau of Economic Research, Inc.
  2. Joseph G. Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1989. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," NBER Working Papers 3046, National Bureau of Economic Research, Inc.
  3. Jones, L.E. & manuelli, R.E., 1994. "The Sources of Growth," Working papers, Wisconsin Madison - Social Systems 9428, Wisconsin Madison - Social Systems.
  4. Tahvonen, Olli & Salo, Seppo, 2001. "Economic growth and transitions between renewable and nonrenewable energy resources," European Economic Review, Elsevier, Elsevier, vol. 45(8), pages 1379-1398, August.
  5. Koskela, Erkki & Ollikainen, Markku & Puhakka, Mikko, 2002. "Renewable Resources in an Overlapping Generations Economy Without Capital," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 43(3), pages 497-517, May.
  6. Heal, Geoffrey M., 1993. "The optimal use of exhaustible resources," Handbook of Natural Resource and Energy Economics, Elsevier, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 18, pages 855-880 Elsevier.
  7. Amacher, Gregory S. & Koskela, Erkki & Ollikainen, Markku, 2002. "Optimal Forest Policies in an Overlapping Generations Economy with Timber and Money Bequests," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 44(2), pages 346-369, September.
  8. Geanakoplos, J. & Polemarchakis, H., 1991. "Overlapping generations," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 1991031, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  9. Neumayer, Eric, 2000. " Scarce or Abundant? The Economics of Natural Resource Availability," Journal of Economic Surveys, Wiley Blackwell, Wiley Blackwell, vol. 14(3), pages 307-35, July.
  10. Kemp, Murray C & Long, Ngo Van, 1979. "The Under- Exploitation of Natural Resources: A Model with Overlapping Generations," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 55(150), pages 214-21, September.
  11. Schou, Poul, 2002. " When Environmental Policy Is Superfluous: Growth and Polluting Resources," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 104(4), pages 605-20, December.
  12. Livernois, John R & Uhler, Russell S, 1987. "Extraction Costs and the Economics of Nonrenewable Resources," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 95(1), pages 195-203, February.
  13. Luisa Fuster, 1999. "Effects of uncertain lifetime and annuity insurance on capital accumulation and growth," Economic Theory, Springer, Springer, vol. 13(2), pages 429-445.
  14. Poul Schou, 2000. "Polluting Non-Renewable Resources and Growth," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 16(2), pages 211-227, June.
  15. Christian Scholz & Georg Ziemes, 1999. "Exhaustible Resources, Monopolistic Competition, and Endogenous Growth," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 13(2), pages 169-185, March.
  16. Olson, Lars J. & Knapp, Keith C., 1997. "Exhaustible Resource Allocation in an Overlapping Generations Economy," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 32(3), pages 277-292, March.
  17. King, Robert G & Rebelo, Sergio T, 1993. "Transitional Dynamics and Economic Growth in the Neoclassical Model," American Economic Review, American Economic Association, American Economic Association, vol. 83(4), pages 908-31, September.
  18. Cass, David & Mitra, Tapan, 1991. "Indefinitely Sustained Consumption Despite Exhaustible Natural Resources," Economic Theory, Springer, Springer, vol. 1(2), pages 119-46, April.
  19. Edmond S. Phelps, 1964. "Second Essay on the Golden Rule of Accumulation," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 173, Cowles Foundation for Research in Economics, Yale University.
  20. Gerlagh, Reyer & van der Zwaan, B. C. C., 2002. "Long-Term Substitutability between Environmental and Man-Made Goods," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 44(2), pages 329-345, September.
  21. Jeffrey A. Krautkraemer, 1998. "Nonrenewable Resource Scarcity," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 36(4), pages 2065-2107, December.
  22. Geanakoplos, John D. & Polemarchakis, Heraklis M., 1991. "Overlapping generations," Handbook of Mathematical Economics, Elsevier, in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 35, pages 1899-1960 Elsevier.
  23. Gerlagh, Reyer & Keyzer, Michiel A., 2001. "Sustainability and the intergenerational distribution of natural resource entitlements," Journal of Public Economics, Elsevier, Elsevier, vol. 79(2), pages 315-341, February.
  24. Knapp, Keith C., 1996. "Exhaustible Resource Allocation, Intergenerational Equity, And Sustainability," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, Northeastern Agricultural and Resource Economics Association, vol. 25(1), April.
  25. Rhee, Changyong, 1991. "Dynamic Inefficiency in an Economy with Land," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 58(4), pages 791-97, July.
  26. Mourmouras, Alex, 1993. "Conservationist government policies and intergenerational equity in an overlapping generations model with renewable resources," Journal of Public Economics, Elsevier, Elsevier, vol. 51(2), pages 249-268, June.
  27. Padilla, Emilio, 2002. "Intergenerational equity and sustainability," Ecological Economics, Elsevier, Elsevier, vol. 41(1), pages 69-83, April.
  28. Burmeister,Edwin, 1980. "Capital Theory and Dynamics," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521297035.
  29. 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, Elsevier, vol. 45(2, Supple), pages 433-453, March.
  30. R. M. Solow, 1973. "Intergenerational Equity and Exhaustable Resources," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 103, Massachusetts Institute of Technology (MIT), Department of Economics.
  31. repec:fth:louvco:9131 is not listed on IDEAS
  32. Edward Barbier, 1999. "Endogenous Growth and Natural Resource Scarcity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 14(1), pages 51-74, July.
  33. Solow, Robert M, 1986. " On the Intergenerational Allocation of Natural Resources," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 88(1), pages 141-49.
  34. Galor, Oded & Ryder, Harl E., 1989. "Existence, uniqueness, and stability of equilibrium in an overlapping-generations model with productive capital," Journal of Economic Theory, Elsevier, Elsevier, vol. 49(2), pages 360-375, December.
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Citations

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Cited by:
  1. Bretschger, Lucas & Pittel, Karen, 2005. "Innovative investments, natural resources, and intergenerational fairness, are pension funds good for sustainable development?," Munich Reprints in Economics, University of Munich, Department of Economics 20225, University of Munich, Department of Economics.
  2. Chu, Hsun & Lai, Ching-Chong, 2013. "Abatement R&D, Market Imperfections, and Environmental Policy in an Endogenous Growth Model," MPRA Paper 52869, University Library of Munich, Germany, revised Nov 2013.
  3. Xavier Pautrel, 2009. "Health-enhancing activities and the environment:How competition for resources make the environmental policy beneficial," Working Papers, HAL hal-00423323, HAL.
  4. Voosholz, Frauke, 2013. "Inter-generational distribution of resources in a model of economic growth: Taking the land vs. food trade-off into account," CAWM Discussion Papers, Center of Applied Economic Research Münster (CAWM), University of Münster 70, Center of Applied Economic Research Münster (CAWM), University of Münster.
  5. Bety Agnany & Maria Jose Gutierrez & Amaia Iza, 2007. "R&D Policy in Economies with Endogenous Growth and Non-Renewable Resources," ThE Papers, Department of Economic Theory and Economic History of the University of Granada. 07/09, Department of Economic Theory and Economic History of the University of Granada..
  6. Valente, Simone, 2011. "Intergenerational externalities, sustainability and welfare—The ambiguous effect of optimal policies on resource depletion," Resource and Energy Economics, Elsevier, Elsevier, vol. 33(4), pages 995-1014.
  7. Hori, Takeo & Yamagami, Hiroaki, 2014. "Intellectual property rights protection in the presence of exhaustible resources," MPRA Paper 58064, University Library of Munich, Germany.

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