Pricing The Limits To Growth From Minerals Depletion
Martin L. Weitzman
The Quarterly Journal of Economics, 1999, vol. 114, issue 2, pages 691-706
This paper evaluates the loss of global welfare from exhaustion of nonrenewable resources, such as oil. The underlying methodology represents an empirical application of some recent developments in the theory of green accounting and sustainability. The paper estimates that the world loses the equivalent of about 1 percent of final consumption per year from finiteness of the earth's resources, compared with a counterfactual trajectory where global extraction of minerals is allowed to remain forever constant at today's flow rates and extraction costs. © 2000 the President and Fellows of Harvard College and the Massachusetts Institute of Technology
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://www.catchword.com/cgi-bin/cgi?ini=bc&body=l ... 990501)114:2L.691;1- (text/html)
Access to full text is restricted to subscribers.
Working Paper: Pricing the Limits to Growth from Minerals Depletion (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:tpr:qjecon:v:114:y:1999:i:2:p:691-706
Ordering information: This journal article can be ordered from
http://mitpress.mit. ... me.tcl?issn=00335533
Access Statistics for this article
The Quarterly Journal of Economics is edited by Robert J. Barro, Edward L. Glaeser and Lawrence F. Katz
More articles in The Quarterly Journal of Economics from MIT Press
Series data maintained by Karie Kirkpatrick ().