Munich Personal RePEc Archive

Economic Dynamics with Renewable Resources and Pollution

Dam, My and Ha-Huy, Thai and Le Van, Cuong and Nguyen, Thi Tuyet Mai (2019): Economic Dynamics with Renewable Resources and Pollution.

[thumbnail of MPRA_paper_96672.pdf]

Download (661kB) | Preview


This article considers a two-sector economy with externalities. In particular,the analysis involves an industrial sector whose production activities have negative effects on the regeneration of a natural resource in the other sector. Without the usual convexity or the super-modularity structure, we prove that the economy evolves to increase the \textit{net gain of stock}, and establish the conditions ensuring the convergence of the economy in the long run.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.