کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7356312 | 1478230 | 2011 | 22 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
UNDISCOUNTED OPTIMAL GROWTH WITH CONSUMABLE CAPITAL: APPLICATION TO WATER RESOURCES
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper utilizes the geometric techniques developed in Khan and Mitra (2005, 2007) to analyze the optimal intertemporal allocation of water resources in a dynamic setup without discounting. The framework features two sectors: the first uses labor to purify water, while the second uses labor and purified water for irrigation to produce an agricultural consumption good. Purified water can also be used as potable water for drinking purposes. The planner allocates the available factors of production between the two sectors every period, and determines the optimal amounts of purified water, potable water, and irrigation water. The geometry characterizes the optimal path depending on whether the irrigation sector is more labor intensive than the purification sector. When the irrigation sector is labor intensive, the optimal path is a non converging cycle around the golden rule stock of purified water, while if the purification sector is labor intensive, there is a damped cyclical convergence to the golden rule stock.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Applied Economics - Volume 14, Issue 1, May 2011, Pages 145-166
Journal: Journal of Applied Economics - Volume 14, Issue 1, May 2011, Pages 145-166
نویسندگان
Sherif Khalifa, Ihsan Kaler Hurcan,