Bazhanov, Andrei (2008): Sustainable growth: The extraction-saving relationship.
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The paper presents two new results for the Dasgupta-Heal-Solow-Stiglitz model with an essential nonrenewable resource:
(1) the pattern of resource extraction can be more important for sustainable growth than the pattern of saving when the Hotelling Rule modifier is not small enough;
(2) the qualitative behavior of the long-run per capita consumption can be examined along any smooth enough path of extraction using the "sustainability functional" introduced in the paper.
|Item Type:||MPRA Paper|
|Original Title:||Sustainable growth: The extraction-saving relationship|
|Keywords:||sustainable growth; modified Hotelling Rule; sustainability number; Hubbert curve consumption|
|Subjects:||Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q32 - Exhaustible Resources and Economic Development
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O38 - Government Policy
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products
|Depositing User:||Andrei Bazhanov|
|Date Deposited:||08. Aug 2008 00:48|
|Last Modified:||14. Feb 2013 07:16|
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