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Sustainable growth: The extraction-saving relationship Author info | Abstract | Publisher info | Download info | Related research | Statistics Bazhanov, Andrei
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The paper presents two new results for the Dasgupta-Heal-Solow-Stiglitz model with an essential nonrenewable resource: (1) the pattern of resource extraction can be more important for sustainable growth than the pattern of saving when the Hotelling Rule modifier is not small enough; (2) the qualitative behavior of the long-run per capita consumption can be examined along any smooth enough path of extraction using the "sustainability functional" introduced in the paper.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
9911.
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Date of creation: 08 Aug 2008Date of revision:
Handle: RePEc:pra:mprapa:9911Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
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Keywords: sustainable growth ; modified Hotelling Rule ; sustainability number ; Hubbert curve consumption ; Other versions of this item:
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 O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Andreeva, Anastasiya & Bazhanov, Andrei, 2007.
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MPRA Paper
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[Downloadable!]
Hamilton, Kirk & Ruta, Giovanni & Tajibaeva, Liaila, 2005.
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Karp, Larry & Livernois, John, 1992.
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Canadian Journal of Economics ,
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Davis, Graham A & Cairns, Robert D, 1999.
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Economic Inquiry ,
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Bazhanov, Andrei, 2007.
"The peak of oil extraction and consistency of the government's short- and long-run policies ,"
MPRA Paper
2507, University Library of Munich, Germany.
[Downloadable!]
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