Sustainable Economic Development: On the Coexistence of Resource-Dependent and Resource-Impacting Industries
This paper studies the interactions between harvesters that depend on the renewable resource as a vital factor of production (i.e., fisheries) and industries that can have important impacts on the renewable resource but whose production does not depend on it (i.e., off-shore oil extraction) in the context of a growing economy. We examine these issues in the context of a closed economy focusing on how the co-existence between these two sectors affects the potential for sustainable development and how the well-being of the poor, i.e., the harvesters, is affected. We identify conditions under which existence and expansion of a resource-impacting sector may make sustainable development more likely. However, if these conditions are not met growth of the resource-impacting sector leads to resource depletion or even complete extinction and thus to the disappearance of the harvesting activity over the long run.
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- Smulders, J.A. & van Soest, D.P. & Withagen, C.A.A.M., 2004.
"International trade, species diversity and habitat conservation,"
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806c53bc-ccb6-4c9a-b301-c, Tilburg University, School of Economics and Management.
- Smulders, Sjak & van Soest, Daan & Withagen, Cees, 2004. "International trade, species diversity, and habitat conservation," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 891-910, September.
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