Sustainable growth with irreversible stock effects of renewable resources

Ramon Lopez and Sang Yoon

Economics Letters, 2016, vol. 147, issue C, 153-156

Abstract: This paper examines sustainability conditions when the stock effects of renewable resources prevail, and characterizes the maximal critical level of initial pollution emissions such that Pigovian tax alone ensures sustainable growth.

Keywords: Sustainable growth; Stock effects; Optimal pollution tax; Renewable resources (search for similar items in EconPapers)
JEL-codes: O1 Q2 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:147:y:2016:i:c:p:153-156

DOI: 10.1016/j.econlet.2016.08.044

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