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Growth in Overlapping Generation Economies with Non-Renewable Resources

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  • Gutiérrez Huerta, María José
  • Iza Padilla, María Amaya
  • Agnani, Betty

Abstract

Published as an article in: Journal of Environmental Economics and Management, 2005, vol. 50, issue 2, pages 387-407.

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Bibliographic Info

Paper provided by University of the Basque Country - Department of Foundations of Economic Analysis II in its series DFAEII Working Papers with number 2002-22.

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Date of creation: Sep 2004
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Handle: RePEc:ehu:dfaeii:200222

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Postal: Dpto. de Fundamentos del Análisis Económico II, = Facultad de CC. Económicas y Empresariales, Universidad del País Vasco, Avda. Lehendakari Aguirre 83, 48015 Bilbao, Spain
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Keywords: overlapping generations; exogenous technological progress; non-renewable resources; balanced growth path;

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References

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  1. Galor, Oded & Ryder, Harl E., 1989. "Existence, uniqueness, and stability of equilibrium in an overlapping-generations model with productive capital," Journal of Economic Theory, Elsevier, Elsevier, vol. 49(2), pages 360-375, December.
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  3. Jones, Larry E. & Manuelli, Rodolfo E., 1997. "The sources of growth," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 21(1), pages 75-114, January.
  4. repec:fth:louvco:9131 is not listed on IDEAS
  5. Gerlagh, Reyer & van der Zwaan, B. C. C., 2002. "Long-Term Substitutability between Environmental and Man-Made Goods," Journal of Environmental Economics and Management, Elsevier, vol. 44(2), pages 329-345, September.
  6. Christian Scholz & Georg Ziemes, 1999. "Exhaustible Resources, Monopolistic Competition, and Endogenous Growth," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 13(2), pages 169-185, March.
  7. Knapp, Keith C., 1996. "Exhaustible Resource Allocation, Intergenerational Equity, And Sustainability," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, Northeastern Agricultural and Resource Economics Association, vol. 25(1), April.
  8. Schou, Poul, 2002. " When Environmental Policy Is Superfluous: Growth and Polluting Resources," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 104(4), pages 605-20, December.
  9. Geanakoplos, John D. & Polemarchakis, Heraklis M., 1991. "Overlapping generations," Handbook of Mathematical Economics, Elsevier, in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 35, pages 1899-1960 Elsevier.
  10. Cass, David, 1990. "Indefinitely sustained consumption despite exhaustible natural resources," CEPREMAP Working Papers (Couverture Orange) 9027, CEPREMAP.
  11. Padilla, Emilio, 2002. "Intergenerational equity and sustainability," Ecological Economics, Elsevier, Elsevier, vol. 41(1), pages 69-83, April.
  12. Poul Schou, 2000. "Polluting Non-Renewable Resources and Growth," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 16(2), pages 211-227, June.
  13. Heal, Geoffrey M., 1993. "The optimal use of exhaustible resources," Handbook of Natural Resource and Energy Economics, Elsevier, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 18, pages 855-880 Elsevier.
  14. Larry E. Jones & Rodolfo E. Manuelli, 1990. "Finite Lifetimes and Growth," NBER Working Papers 3469, National Bureau of Economic Research, Inc.
  15. Gerlagh, Reyer & Keyzer, Michiel A., 2001. "Sustainability and the intergenerational distribution of natural resource entitlements," Journal of Public Economics, Elsevier, Elsevier, vol. 79(2), pages 315-341, February.
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  21. Solow, Robert M, 1986. " On the Intergenerational Allocation of Natural Resources," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 88(1), pages 141-49.
  22. Olson, Lars J. & Knapp, Keith C., 1997. "Exhaustible Resource Allocation in an Overlapping Generations Economy," Journal of Environmental Economics and Management, Elsevier, vol. 32(3), pages 277-292, March.
  23. Geanakoplos, J. & Polemarchakis, H., 1991. "Overlapping generations," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 1991031, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  24. Koskela, Erkki & Ollikainen, Markku & Puhakka, Mikko, 2002. "Renewable Resources in an Overlapping Generations Economy Without Capital," Journal of Environmental Economics and Management, Elsevier, vol. 43(3), pages 497-517, May.
  25. Grimaud, Andre & Rouge, Luc, 2003. "Non-renewable resources and growth with vertical innovations: optimum, equilibrium and economic policies," Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 433-453, March.
  26. Mourmouras, Alex, 1993. "Conservationist government policies and intergenerational equity in an overlapping generations model with renewable resources," Journal of Public Economics, Elsevier, Elsevier, vol. 51(2), pages 249-268, June.
  27. Kemp, Murray C & Long, Ngo Van, 1979. "The Under- Exploitation of Natural Resources: A Model with Overlapping Generations," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 55(150), pages 214-21, September.
  28. Edward Barbier, 1999. "Endogenous Growth and Natural Resource Scarcity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 14(1), pages 51-74, July.
  29. Livernois, John R & Uhler, Russell S, 1987. "Extraction Costs and the Economics of Nonrenewable Resources," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 95(1), pages 195-203, February.
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  33. Amacher, Gregory S. & Koskela, Erkki & Ollikainen, Markku, 2002. "Optimal Forest Policies in an Overlapping Generations Economy with Timber and Money Bequests," Journal of Environmental Economics and Management, Elsevier, vol. 44(2), pages 346-369, September.
  34. R. M. Solow, 1973. "Intergenerational Equity and Exhaustable Resources," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 103, Massachusetts Institute of Technology (MIT), Department of Economics.
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Cited by:
  1. Lucas Bretschger & Karen Pittel, 2005. "Innovative investments, natural resources, and intergenerational fairness : are pension funds good for sustainable development?," CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich 05/36, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  2. Bety Agnany & Maria Jose Gutierrez & Amaia Iza, 2007. "R&D Policy in Economies with Endogenous Growth and Non-Renewable Resources," ThE Papers, Department of Economic Theory and Economic History of the University of Granada. 07/09, Department of Economic Theory and Economic History of the University of Granada..
  3. Voosholz, Frauke, 2013. "Inter-generational distribution of resources in a model of economic growth: Taking the land vs. food trade-off into account," CAWM Discussion Papers, Center of Applied Economic Research Münster (CAWM), University of Münster 70, Center of Applied Economic Research Münster (CAWM), University of Münster.
  4. Chu, Hsun & Lai, Ching-chong, 2014. "Abatement R&D, market imperfections, and environmental policy in an endogenous growth model," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 41(C), pages 20-37.
  5. Xavier Pautrel, 2009. "Health-enhancing Activities and the Environment: How Competition for Resources Makes the Environmental Policy Beneficial," Working Papers, Fondazione Eni Enrico Mattei 2009.111, Fondazione Eni Enrico Mattei.
  6. Valente, Simone, 2011. "Intergenerational externalities, sustainability and welfare—The ambiguous effect of optimal policies on resource depletion," Resource and Energy Economics, Elsevier, Elsevier, vol. 33(4), pages 995-1014.
  7. Hori, Takeo & Yamagami, Hiroaki, 2014. "Intellectual property rights protection in the presence of exhaustible resources," MPRA Paper 58064, University Library of Munich, Germany.

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