Growth and convergence in a model with renewable and nonrenewable resources
AbstractThis paper analyzes the transitional dynamics in a model of economic growth with endogenous technological change and two alternative sources of energy: renewable and non-renewable resources. The conditions for the existence and saddle point property of the steady state are given. Finally, we present the estimation results on the data consisting of R&D energy, non-renewable energy consumption and renewable energy consumption.
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Bibliographic InfoPaper provided by Development and Policies Research Center (DEPOCEN), Vietnam in its series Working Papers with number 21.
Length: 30 pages
Date of creation: Jul 2008
Date of revision:
Optimal growth; existence of equilibrium; transitional dynamics; energy; renewable resources; nonrenewable resources;
Other versions of this item:
- Manh Hung NGUYEN & Phu Nguyen-Van, 2008. "Growth and convergence in a model with renewable and nonrenewable resources," LERNA Working Papers 08.28.272, LERNA, University of Toulouse.
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-08-14 (All new papers)
- NEP-DGE-2008-08-14 (Dynamic General Equilibrium)
- NEP-ENE-2008-08-14 (Energy Economics)
- NEP-ENV-2008-08-14 (Environmental Economics)
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