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Natural Resources Dynamics: Another Look

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Author Info
Giuseppe Di Vita (Giuseppe Di Vita, Faculty of Law, University of Catania)

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Abstract

In this paper we study the problem of exhaustible resources and renewable resources in a theoretical endogenous growth framework, under various assumptions. In particular, we consider the hypotheses that those two inputs are or are not technologically perfect substitutes of each other. Moreover, we develop the starting model accounting for the negative externality of waste accumulation. Finally, a comparative analysis is made between Pigouvian tax and waste recycling as an environmental policy to internalize the negative externality represented by refuse accumulation.

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Publisher Info
Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2004.110.

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Date of creation: Jul 2004
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Handle: RePEc:fem:femwpa:2004.110

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Related research
Keywords: Economic growth; Endogenous technological progress; Exhaustible resources; Pigouvian taxes; Renewable natural inputs; Technological substitutability;

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Find related papers by JEL classification:
Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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  1. C. G. Plourde, 1972. "A Model of Waste Accumulation and Disposal," Canadian Journal of Economics, Canadian Economics Association, vol. 5(1), pages 119-25, February. [Downloadable!] (restricted)
  2. Dorfman, Robert, 1969. "An Economic Interpretation of Optimal Control Theory," American Economic Review, American Economic Association, vol. 59(5), pages 817-31, December. [Downloadable!] (restricted)
  3. Kemp, Murray C & Long, Ngo Van, 1980. "On Two Folk Theorems Concerning the Extraction of Exhaustible Resources," Econometrica, Econometric Society, vol. 48(3), pages 663-73, April. [Downloadable!] (restricted)
  4. d'Arge, R C & Kogiku, K C, 1973. "Economic Growth and the Environment," Review of Economic Studies, Blackwell Publishing, vol. 40(1), pages 61-77, January. [Downloadable!] (restricted)
  5. Tahvonen, Olli & Salo, Seppo, 2001. "Economic growth and transitions between renewable and nonrenewable energy resources," European Economic Review, Elsevier, vol. 45(8), pages 1379-1398, August. [Downloadable!] (restricted)
  6. Mendelssohn, Roy & Sobel, Matthew J., 1980. "Capital accumulation and the optimization of renewable resource models," Journal of Economic Theory, Elsevier, vol. 23(2), pages 243-260, October. [Downloadable!] (restricted)
  7. Anderson, Dennis, 2001. "Technical progress and pollution abatement: an economic view of selected technologies and practices," Environment and Development Economics, Cambridge University Press, vol. 6(03), pages 283-311, July. [Downloadable!]
  8. Marian Radetzki & Carl Van Duyne, 1985. "The Demand for Scrap and Primary Metal Ores after a Decline in Secular Growth," Canadian Journal of Economics, Canadian Economics Association, vol. 18(2), pages 435-49, May. [Downloadable!] (restricted)
  9. Tahvonen Olli & Kuuluvainen Jari, 1993. "Economic Growth, Pollution, and Renewable Resources," Journal of Environmental Economics and Management, Elsevier, vol. 24(2), pages 101-118, March. [Downloadable!] (restricted)
  10. Smith, Vernon L, 1972. "Dynamics of Waste Accumulation: Disposal Versus Recycling," The Quarterly Journal of Economics, MIT Press, vol. 86(4), pages 600-616, November. [Downloadable!] (restricted)
  11. Solow, Robert M, 1974. "The Economics of Resources or the Resources of Economics," American Economic Review, American Economic Association, vol. 64(2), pages 1-14, May.
  12. Plourde, C G, 1970. "A Simple Model of Replenishable Natural Resource Exploitation," American Economic Review, American Economic Association, vol. 60(3), pages 518-22, June.
  13. Rafael Lusky, 1976. "A Model of Recycling and Pollution Control," Canadian Journal of Economics, Canadian Economics Association, vol. 9(1), pages 91-101, February. [Downloadable!] (restricted)
  14. Olson, Lars J. & Roy, Santanu, 2000. "Dynamic Efficiency of Conservation of Renewable Resources under Uncertainty," Journal of Economic Theory, Elsevier, vol. 95(2), pages 186-214, December. [Downloadable!] (restricted)
  15. Noel, Michael, 1978. "Resource extraction and recycling with environmental costs," Journal of Environmental Economics and Management, Elsevier, vol. 5(3), pages 220-235, September. [Downloadable!] (restricted)
  16. Krautkraemer, Jeffrey A., 1989. "Price expectations, ore quality selection, and the supply of a nonrenewable resource," Journal of Environmental Economics and Management, Elsevier, vol. 16(3), pages 253-267, May. [Downloadable!] (restricted)
  17. Keeler, Emmett & Spence, Michael & Zeckhauser, Richard, 1972. "The optimal control of pollution," Journal of Economic Theory, Elsevier, vol. 4(1), pages 19-34, February. [Downloadable!] (restricted)
  18. Edward Barbier, 1999. "Endogenous Growth and Natural Resource Scarcity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 14(1), pages 51-74, July. [Downloadable!] (restricted)
  19. Poul Schou, 2000. "Polluting Non-Renewable Resources and Growth," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 16(2), pages 211-227, June. [Downloadable!] (restricted)
  20. Lusky, Rafael, 1975. "Optimal taxation policies for conservation and recycling," Journal of Economic Theory, Elsevier, vol. 11(3), pages 315-328, December. [Downloadable!] (restricted)
  21. Huhtala, Anni, 1999. "Optimizing production technology choices: conventional production vs. recycling," Resource and Energy Economics, Elsevier, vol. 21(1), pages 1-18, January. [Downloadable!] (restricted)
  22. R. M. Solow, 1973. "Intergenerational Equity and Exhaustable Resources," Working papers 103, Massachusetts Institute of Technology (MIT), Department of Economics.
  23. Smith, Vernon L., 1974. "An optimistic theory of exhaustible resources," Journal of Economic Theory, Elsevier, vol. 9(4), pages 384-396, December. [Downloadable!] (restricted)
    Other versions:
  24. Li, Chuan-Zhong & Lofgren, Karl-Gustaf, 2000. "Renewable Resources and Economic Sustainability: A Dynamic Analysis with Heterogeneous Time Preferences," Journal of Environmental Economics and Management, Elsevier, vol. 40(3), pages 236-250, November. [Downloadable!] (restricted)
  25. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October. [Downloadable!] (restricted)
    Other versions:
  26. Olson, Lars J. & Roy, Santanu, 1996. "On Conservation of Renewable Resources with Stock-Dependent Return and Nonconcave Production," Journal of Economic Theory, Elsevier, vol. 70(1), pages 133-157, July. [Downloadable!] (restricted)
    Other versions:
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