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Natural Resources Dynamics: Another Look

Author

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  • Giuseppe Di Vita

    (Giuseppe Di Vita, Faculty of Law, University of Catania)

Abstract

In this paper we study the problem of exhaustible resources and renewable resources in a theoretical endogenous growth framework, under various assumptions. In particular, we consider the hypotheses that those two inputs are or are not technologically perfect substitutes of each other. Moreover, we develop the starting model accounting for the negative externality of waste accumulation. Finally, a comparative analysis is made between Pigouvian tax and waste recycling as an environmental policy to internalize the negative externality represented by refuse accumulation.

Suggested Citation

  • Giuseppe Di Vita, 2004. "Natural Resources Dynamics: Another Look," Working Papers 2004.110, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2004.110
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic growth; Endogenous technological progress; Exhaustible resources; Pigouvian taxes; Renewable natural inputs; Technological substitutability;

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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