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Economic dynamics with renewable resources and pollution
- Source :
- Mathematical Social Sciences, Mathematical Social Sciences, 2020, 108, pp.14-26. ⟨10.1016/j.mathsocsci.2020.08.002⟩, Mathematical Social Sciences, Elsevier, 2020, 108, pp.14-26. ⟨10.1016/j.mathsocsci.2020.08.002⟩
- Publication Year :
- 2020
- Publisher :
- HAL CCSD, 2020.
-
Abstract
- International audience; This article considers a two-sector economy with externalities. In particular, the analysis involves an industrial sector whose polluting production activities have negative effects on the regeneration of a natural resource in the other sector. Without convexity or supermodularity, we prove that the economy evolves to increase the net gain of stock (a similar notion to the net gain of investment in Kamihigashi and Roy (2007)), and establish the conditions ensuring the convergence of the economy in the long run.
- Subjects :
- Pollution
Renewable resources
Sociology and Political Science
Natural resource economics
media_common.quotation_subject
7. Clean energy
Convexity
0502 economics and business
Economics
Two-sector economy
General Psychology
Stock (geology)
050205 econometrics
media_common
05 social sciences
Ramsey model
General Social Sciences
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
Natural resource
Economic dynamics
Pollution externality
Secondary sector of the economy
8. Economic growth
JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q51 - Valuation of Environmental Effects
050206 economic theory
Statistics, Probability and Uncertainty
Externality
Renewable resource
Subjects
Details
- Language :
- English
- ISSN :
- 01654896
- Database :
- OpenAIRE
- Journal :
- Mathematical Social Sciences, Mathematical Social Sciences, 2020, 108, pp.14-26. ⟨10.1016/j.mathsocsci.2020.08.002⟩, Mathematical Social Sciences, Elsevier, 2020, 108, pp.14-26. ⟨10.1016/j.mathsocsci.2020.08.002⟩
- Accession number :
- edsair.doi.dedup.....987090a93f7325c70959350abd332f02
- Full Text :
- https://doi.org/10.1016/j.mathsocsci.2020.08.002⟩