Over-exploitation of natural resources is followed by inevitable declines in economic growth and discount rate
نویسندگان
چکیده
منابع مشابه
Natural Resources and Economic Growth
This paper develops a one-sector endogenous growth model in which renewable natural resources are postulated as both a factor of production and as a measure of environmental quality. We show that sustained economic growth and a non-deteriorating environment can coexist along the economy’s balanced growth path. Moreover, the output growth rate is positively related to the steady-state level of n...
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We develop a one-sector endogenous growth model in which renewable natural resources are both a factor of production and measure of environmental quality. Along the balanced growth path, sustained economic growth and a non-deteriorating environment are shown to coexist. Moreover, steady-state economic growth and natural-resource utilization are positively related. Empirically, a cross-country g...
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Abstract[1] Natural resources as a source of wealth can increase prosperity or impede economic growth. Empirical studies with different specifications and data are also mixed on whether natural resources are curse or blessing. In fact, the variety of model specifications, measurements, and samples in the empirical literature makes it difficult to generalize the results. In this study, a growth...
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ژورنال
عنوان ژورنال: Nature Communications
سال: 2019
ISSN: 2041-1723
DOI: 10.1038/s41467-019-09246-2