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 InfoPaper provided by University of Maryland, Department of Agricultural and Resource Economics in its series Working Papers with number 92390.
Date of creation: Jun 2010
Date of revision:
Environmental Economics and Policy; Resource /Energy Economics and Policy;
Other versions of this item:
- López, Ramón, 2010. "Sustainable economic development: on the coexistence of resource-dependent and resource-impacting industries," Environment and Development Economics, Cambridge University Press, vol. 15(06), pages 687-705, December.
- NEP-AGR-2010-08-06 (Agricultural Economics)
- NEP-ALL-2010-08-06 (All new papers)
- NEP-ENE-2010-08-06 (Energy Economics)
- NEP-ENV-2010-08-06 (Environmental 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.:
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Open Access publications from Tilburg University
urn:nbn:nl:ui:12-140731, Tilburg University.
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- 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.
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