Effects of Exhaustible Resources and Declining Population on Economic Growth with Hotelling's Rule

Hiroaki Sasaki and Kazuo Mino

MPRA Paper from University Library of Munich, Germany

Abstract: This study introduces declining population and exhaustible resources into a semi-endogenous growth model that explicitly incorporates firms' optimization behavior and investigates the relationship between the population growth rate and the growth rate of the per capita output. The main results are as follows. First, irrespective of whether the population growth rate is positive or negative, the long-run growth rate of per capita output can be positive, depending on the conditions. Second, when the population growth rate is positive, the long-run growth rate of per capita output depends positively on the saving rate, although the model belongs to the class of semi-endogenous growth without scale effects.

Keywords: exhaustible resources; declining population; endogenous growth: Hotelling's rule (search for similar items in EconPapers)
JEL-codes: O13 O44 Q32 Q43 (search for similar items in EconPapers)
Date: 2021-05-17
New Economics Papers: this item is included in nep-ene, nep-env and nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/107787/1/MPRA_paper_107787.pdf original version (application/pdf)

Related works:
Journal Article: Effects of exhaustible resources and declining population on economic growth with Hotelling’s rule (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:107787

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().