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Non‐renewable resources and the possibility of sustainable economic development in an economy with positive or negative population growth

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  • Hiroaki Sasaki

Abstract

The purpose of this study is to investigate how the long‐run growth rate of per capita output is determined when an economy is subject to non‐renewable resource constraints and the population growth is negative by using a theoretical model. From this, we can examine the effect of population decline and the effect of depletion of natural resources on economic growth. Our results show that irrespective of whether the population growth rate is positive or negative, the long‐run growth rate of per capita output can be positive depending on conditions. This result suggests that even an economy with non‐renewable resources and declining population can obtain sustainable economic growth.

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  • Hiroaki Sasaki, 2021. "Non‐renewable resources and the possibility of sustainable economic development in an economy with positive or negative population growth," Bulletin of Economic Research, Wiley Blackwell, vol. 73(4), pages 704-720, October.
    • Handle: RePEc:bla:buecrs:v:73:y:2021:i:4:p:704-720
    DOI: 10.1111/boer.12276
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    Cited by:

    1. Chau, Ka Yin & Moslehpour, Massoud & Tu, Yu-Te & Tai, Nguyen Tan & Tien, Nguyen Hoang & Huy, Pham Quang, 2022. "Exploring the impact of green energy and consumption on the sustainability of natural resources: Empirical evidence from G7 countries," Renewable Energy, Elsevier, vol. 196(C), pages 1241-1249.
    2. Mino, Kazuo & Sasaki, Hiroaki, 2023. "Long-run consequences of population decline in an economy with exhaustible resources," Economic Modelling, Elsevier, vol. 121(C).
    3. Kazuo Mino & Hiroaki Sasaki, 2021. "Long-Run Consequences of Population Decline in an Economy with Exhaustible Natural Resources," KIER Working Papers 1062, Kyoto University, Institute of Economic Research.
    4. Sasaki, Hiroaki & Mino, Kazuo, 2021. "Effects of Exhaustible Resources and Declining Population on Economic Growth with Hotelling's Rule," MPRA Paper 107787, University Library of Munich, Germany.
    5. Sasaki, Hiroaki & Fukatani, Noriki & Imai, Daisuke & Kamanaka, Yusuke, 2022. "Sustainable Economic Growth in an Economy with Exhaustible Resources and a Declining Population under the Balance-of-Payments Constraint," MPRA Paper 113559, University Library of Munich, Germany.
    6. Ichiroh DAITOH & Hiroaki SASAKI, 2023. "At the Right Time:Ramsey-Cass-Koopmans Model with Declining Population," Discussion papers e-23-002, Graduate School of Economics , Kyoto University.

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