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Overcoming the natural resource constraints through dedicated R&D efforts: contrasting the non-renewable and the renewable resource economies

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

Abstract

There exist specific factor scarcities if, and only if, the inputs of the production process are not perfect substitutes. Under the extreme assumption of strict factor complementarity between labour and resources in the production of some aggregate consumption good, and assuming that the technical coefficient of the resource input can be improved through a dedicated research effort, we compare the optimal research policy in a pure non-renewable resource economy to the optimal research policy in a pure renewable resource economy. We show that they are strongly contrasted.

Suggested Citation

  • Jean-Pierre Amigues & Ngo Van Long & Michel Moreaux, 2004. "Overcoming the natural resource constraints through dedicated R&D efforts: contrasting the non-renewable and the renewable resource economies," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 4(1/2/3), pages 11-37.
    • Handle: RePEc:ids:ijgenv:v:4:y:2004:i:1/2/3:p:11-37
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    Citations

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    Cited by:

    1. Illge, Lydia & Schwarze, Reimund, 2009. "A matter of opinion--How ecological and neoclassical environmental economists and think about sustainability and economics," Ecological Economics, Elsevier, vol. 68(3), pages 594-604, January.
    2. Maciej Malaczewski, 2017. "Warunki przejścia gospodarki na odnawialne źródła energii," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 33-51.
    3. Amigues, Jean-Pierre & Moreaux, Michel, 2008. "Dedicated Technical Progress with a Non-renewable Resource: Efficiency and Optimality," IDEI Working Papers 497, Institut d'Économie Industrielle (IDEI), Toulouse.

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