Constant per capita consumption paths with exhaustible resources and decaying produced capital
We introduce decay in produced capital and exogenous technical progress to the recent "Solow Model" of Asheim et al. with population growth and observe the possible collapse of the economy given too high a rate of decay. "Enough" technical progress can restore sustainable per capita consumption.
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- Asheim, Geir B. & Buchholz, Wolfgang & Hartwick, John M. & Mitra, Tapan & Withagen, Cees, 2005.
"Constant savings rates and quasi-arithmetic population growth under exhaustible resource constraints,"
23/2005, Oslo University, Department of Economics.
- Asheim, Geir B. & Buchholz, Wolfgang & Hartwick, John M. & Mitra, Tapan & Withagen, Cees, 2007. "Constant savings rates and quasi-arithmetic population growth under exhaustible resource constraints," Journal of Environmental Economics and Management, Elsevier, vol. 53(2), pages 213-229, March.
- Geir B. Asheim & Wolfgang Buchholz & John M. Hartwick & Tapan Mitra & Cees A. Withagen, 2005. "Constant Savings Rates and Quasi-Arithmetic Population Growth under Exhaustible Resource Constraints," CESifo Working Paper Series 1573, CESifo Group Munich.
- Tapan Mitra, 2008.
"On competitive equitable paths under exhaustible resource constraints: The case of a growing population,"
International Journal of Economic Theory,
The International Society for Economic Theory, vol. 4(1), pages 53-76.
- Mitra, Tapan, 2007. "On Competitive Equitable Paths under Exhaustible Resource Constraints: The Case of a Growing Population," Working Papers 07-05, Cornell University, Center for Analytic Economics.
- Mitra, Tapan, 1983. "Limits on Population Growth under Exhaustible Resource Constraints," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 24(1), pages 155-68, February.
- Hartwick, John M, 1977.
"Intergenerational Equity and the Investing of Rents from Exhaustible Resources,"
American Economic Review,
American Economic Association, vol. 67(5), pages 972-74, December.
- John Hartwick, 1976. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," Working Papers 220, Queen's University, Department of Economics.
- Cairns, Robert D. & Long, Ngo Van, 2006. "Maximin: a direct approach to sustainability," Environment and Development Economics, Cambridge University Press, vol. 11(03), pages 275-300, June.
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