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Economic dynamics with renewable resources and pollution

Authors :
Thai Ha-Huy
Cuong Le Van
Thi Tuyet Mai Nguyen
My Dam
Centre d'Etudes des Politiques Economiques (EPEE)
Université d'Évry-Val-d'Essonne (UEVE)-Université Paris-Saclay
Institute of Mathematics and Applied Science (TIMAS)
IPAG Business School
Centre d'économie de la Sorbonne (CES)
Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)
Paris School of Economics (PSE)
Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS-PSL)
Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE)
Thuongmai University
Partenaires INRAE
Université Paris 1 Panthéon-Sorbonne (UP1)
Dam and Ha-Huy thank the LABEX MME-DII, France (ANR-11-LBX-0023-01) forsupport during the writing of this article. This article is finished during theperiod Ha-Huy worked asdéléguéin the Theoretical Economics Team UMR8545 at CNRS, Paris School of Economics (campus Jourdan).
ANR-11-LABX-0023,MME-DII,Modèles Mathématiques et Economiques de la Dynamique, de l'Incertitude et des Interactions(2011)
École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris)
Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE)
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.

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⟩