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Conservation of Resources and the Impact of Privatization: A General Equilibrium Analysis

In: Economic, Environmental and Health Consequences of Conservation Capital

Author

Listed:
  • Mainak Bhattacharjee

    (Loreto College)

  • Dipti Ghosh

    (Kolaghat Government Polytechnic)

  • Sanghita Ghosh

    (Jadavpur University)

Abstract

The utilization of resources in an optimal manner becomes very crucial for the programs of sustainable development of a nation. It involves minimization of the use of non-renewable resources given the state of technological know-how. The primary objective of this chapter is to explore the high risk associated with the privatization of natural resources in terms of environmental degradation. It develops a general equilibrium framework for an open economy producing two goods using both dirty energy (polluting more) and cleaner energy which are substitute of each other, along with labour and capital. It shows that government regulations by means of tariff to the dirty input or increased expenditure on clean input are helpful in mitigating pollution.

Suggested Citation

  • Mainak Bhattacharjee & Dipti Ghosh & Sanghita Ghosh, 2023. "Conservation of Resources and the Impact of Privatization: A General Equilibrium Analysis," Springer Books, in: Ramesh Chandra Das (ed.), Economic, Environmental and Health Consequences of Conservation Capital, chapter 0, pages 29-39, Springer.
  • Handle: RePEc:spr:sprchp:978-981-99-4137-7_3
    DOI: 10.1007/978-981-99-4137-7_3
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    Cited by:

    1. Zaharia Marian & Gogonea Rodica-Manuela & Vlasceanu Carmen Florentina, 2023. "Happy Planet Index In Europe. A Gini Analysis Of Sustainable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 11-20, October.

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