Economic dynamics with renewable resources and pollution

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

Mathematical Social Sciences, 2020, vol. 108, issue C, 14-26

Abstract: 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.

Keywords: Two-sector economy; Renewable resources; Pollution externality; Ramsey model (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Related works:
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)
Working Paper: Economic Dynamics with Renewable Resources and Pollution (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:108:y:2020:i:c:p:14-26

DOI: 10.1016/j.mathsocsci.2020.08.002

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