Non-Renewable But Inexhaustible – Resources in an Endogenous Growth Model

نویسندگان
چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Strictly Endogenous Growth with Non-renewable Resources Implies an Unbounded Growth Rate

Conventional endogenous growth theory relies on the assumption of constant returns to ”broad capital”. As Solow pointed out, the strength of this assumption is revealed by recognizing that even the slightest touch of increasing returns creates explosive growth: infinite output in finite time! But Solow’s observation ignored natural resources. What happens if non-renewable resources enter the ”g...

متن کامل

Capital Taxation, Growth, and Non-renewable Resources

The conventional view within the endogenous growth literature is that interest income taxes impede economic growth and investment subsidies promote economic growth. The present paper lays out a simple framework to see whether this is still true when non-renewable resources enter the ”growth engine” in an essential way. It is not! The framework allows a rich set of determinants of longrun growth...

متن کامل

Can non-renewable resources alleviate the knife-edge character of endogenous growth?

Standard endogenous growth models rely on the arbitrary assumption that the technology has exactly constant returns with respect to producible inputs. Can this knifeedge restriction be relaxed by including non-renewable resources as necessary inputs in production? In a one-sector optimal growth model, we find that the strain on the economy imposed by the need to extract successively smaller amo...

متن کامل

Growth-essential non-renewable resources and limits to growth

The standard approach to modelling endogenous technical change in an economy with an essential non-renewable resource ignores that also R&D may need the resource (directly or indirectly). This biases the limits-to-growth discussion in an optimistic direction. Indeed, sustained per capita growth requires stronger parameter restrictions when the resource is directly or indirectly an input in R&D ...

متن کامل

7. A New-Growth Perspective on Non-Renewable Resources

The aim of this article is to review issues related to the incorporation of scarce natural resources in the theory of economic growth and development. More specifically, we shall concentrate on the role of non-renewable resources. A nonrenewable resource is a natural resource the amount of which on earth is finite and which has no natural regeneration process (at least not within a relevant tim...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: SSRN Electronic Journal

سال: 2012

ISSN: 1556-5068

DOI: 10.2139/ssrn.2046502