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Economic Growth and Natural Resources

Author

Listed:
  • Yuli Radev

    (UNIVERSITY OF MINING AND GEOLOGY "ST. IVAN RILSKI", Sofia, Bulgaria)

Abstract

The goal of the present paper is to ground macroeconomic model of economic growth, in which the natural resources participate as independent factor of production. The model is the basic instrument of comparative economic researches of the scarcity of mineral resources and growth, sustainable development, pricing, as well as estimation of the environmental effect of extraction and consumption of renewable and non-renewable natural resources. The attention in the report is focused on the mathematical and mathematic-economic aspects in the neoclassical models of growth, and particularly in the model Ramsey-Cass-Koopmans.

Suggested Citation

  • Yuli Radev, 2013. "Economic Growth and Natural Resources," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 15-26, December.
    • Handle: RePEc:nwe:iisabg:y:2013:i:4:p:15-26
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    File URL: http://www.unwe.bg/uploads/Alternatives/2013-4-2.pdf
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    Citations

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    Cited by:

    1. Galadima, Mukhtar Danladi & Aminu, Abubakar Wambai, 2019. "Shocks effects of macroeconomic variables on natural gas consumption in Nigeria: Structural VAR with sign restrictions," Energy Policy, Elsevier, vol. 125(C), pages 135-144.
    2. Phillips, Jason & Whiting, Kai, 2016. "A geocybernetic analysis of the principles of the Extractive Industries Transparency Initiative (EITI)," Resources Policy, Elsevier, vol. 49(C), pages 248-265.
    3. Piotr Dominiak & Ewa Lechman & Anna Okonowicz, 2015. "Fertility Rebound And Economic Growth. New Evidence For 18 Countries Over The Period 1970–2011," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 10(1), pages 91-112, March.

    More about this item

    Keywords

    economic growth; natural resources; Hamiltonian; constant elasticity of substitution; steady state equilibrium;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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