Sustainable Growth with Environmental Spillovers: A Ramsey-Koopmans Approach
AbstractIn this paper, we apply the canonical approach of Ramsey, Koopmans, and Diamond to the problem of optimal and intertemporally-equitable growth with a non-renewable resource constraint and show that the solution is sustainable. The model is extended to cases involving environmental amenities and disamenities and renewable resources. The solutions equivalently solve the problem of maximizing net national product adjusted for depreciation in natural capital and environmental effects, which turns out to be both sustainable and constant even without technical change.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number 200204.
Length: 38 pages
Date of creation: 2002
Date of revision:
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Web Technician).
If references are entirely missing, you can add them using this form.