Depletion of Non-Renewable Resources and Endogenous Technical Change
AbstractNon-renewable resources are an obstacle for positive long run growth if they are essential for production, households solve an intertemporal Ramsey problem and population is growing. Modern growth models predict that growth is positively related to growth in production factors. Hence, there are opposing forces at work if labor as one factor is growing and the use of the non-renewable resource as another factor is shrinking. The paper develops a semi-endogenous growth model with one labor and one resource using sector and derives conditions for stable positive long run growth in per capita production and consumption.
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Bibliographic InfoPaper provided by Universitaet Augsburg, Institute for Economics in its series Discussion Paper Series with number 291.
Date of creation: May 2007
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non-renewable resources; semi-endogenous growth;
Other versions of this item:
- Juergen Antony, 2007. "Depletion of Non-Renewable Resources and Endogenous Technical Change," Working Papers 027, Bavarian Graduate Program in Economics (BGPE).
- Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-AGR-2007-06-02 (Agricultural Economics)
- NEP-ALL-2007-06-02 (All new papers)
- NEP-CSE-2007-06-02 (Economics of Strategic Management)
- NEP-ENE-2007-06-02 (Energy Economics)
- NEP-ENV-2007-06-02 (Environmental Economics)
- NEP-KNM-2007-06-02 (Knowledge Management & Knowledge Economy)
- NEP-RES-2007-06-02 (Resource Economics)
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