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Ressources naturelles, impatience et progrès technique

  • Jean-Pierre Amigues
  • Ngo Van Long
  • Michel Moreaux

This paper studies the intertemporal substitutions between the use of renewable and non renewable resources if the productivities of the different kinds of resources are improved through time by exogenous trends of dedicated technical progress. We show that the optimal exploitation paths of the resources may exhibit much more complex patterns than those predicted by a usual rule of exploitation by increasing costs order. More precisely, we show that in some circumstances, it is optimal for the society to split in two distinct phases the exploitation of the exhaustible resource, separated by a phase of exploitation of the sole renewable resource.Classification JEL : Q20, Q30, Q40, Q55

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Article provided by Presses de Sciences-Po in its journal Revue économique.

Volume (Year): 57 (2006)
Issue (Month): 2 ()
Pages: 185-218

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Handle: RePEc:cai:recosp:reco_572_0185
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  1. Kamien, Morton I & Schwartz, Nancy L, 1978. "Optimal Exhaustible Resource Depletion with Endogenous Technical Change," Review of Economic Studies, Wiley Blackwell, vol. 45(1), pages 179-96, February.
  2. Chakravorty, Ujjayant & Magné, Bertrand & Moreaux, Michel, 2005. "A Hotelling Model with a Ceiling on the Stock of Pollution," IDEI Working Papers 368, Institut d'Économie Industrielle (IDEI), Toulouse.
  3. Robson, Arthur J, 1980. "Costly Innovation and Natural Resources," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 17-30, February.
  4. 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.
  5. Daron Acemoglu, 2000. "Labor- and Capital- Augmenting Technical Change," NBER Working Papers 7544, National Bureau of Economic Research, Inc.
  6. 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.
  7. Chakravorty, Ujjayant & Magné, Bertrand & Moreaux, Michel, 2004. "Plafond de concentration atmosphérique en carbone et substitutions entre ressources énergétiques," IDEI Working Papers 260, Institut d'Économie Industrielle (IDEI), Toulouse.
  8. Michel Moreaux & Bertrand Magné, 2005. "Stabilisation du climat et expansion nucléaire," Revue Française d'Économie, Programme National Persée, vol. 20(1), pages 181-233.
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