کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5099151 1376989 2012 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Sustainability and substitution of exhaustible natural resources
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
Sustainability and substitution of exhaustible natural resources
چکیده انگلیسی
We study long-run growth in a multi-sector economy with non-renewable resource use and endogenous innovations. Unlike recent capital resource models, we find that poor input substitution need not be detrimental for sustainable growth; on the contrary, combined with resource depletion it fosters structural change, which helps to sustain research investments. We derive the properties of the transition path, show which sectors survive in the long run, and discuss whether the economy approximates a steady state with or without a scale effect. The results continue to hold when some sectors exhibit perfect competition.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 36, Issue 4, April 2012, Pages 536-549
نویسندگان
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