Economic Dynamics with Renewable Resources and Pollution

My Dam, Thai Ha-Huy, Cuong Le Van and Thi Tuyet Mai Nguyen

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Ramsey model; two-sector model; renewable resources; pollution (search for similar items in EconPapers)
JEL-codes: C0 C02 Q2 (search for similar items in EconPapers)
Date: 2019-08-21
New Economics Papers: this item is included in nep-ene and nep-env
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Related works:
Journal Article: Economic dynamics with renewable resources and pollution (2020)
Working Paper: Economic dynamics with renewable resources and pollution (2020)
Working Paper: Economic dynamics with renewable resources and pollution (2020)
Working Paper: Economic dynamics with renewable resources and pollution (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:96672

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