 Non-renewable resources, endogenous technical change and sustainable growthInternational Journal of Sustainable Economy, 2010, vol. 2, issue 4, 365-381 Abstract: Non-renewable resources are problematic for sustainable positive growth if they are essential for production, households solve an intertemporal Ramsey problem and population is growing. Second generation growth models predict that growth is positively related to growth in production factors. A growing population seems, therefore, beneficial for growth while the need for a steadily declining usage of the non-renewable resource due to sustainability seems not to be so. To elaborate on this issue, this paper develops a semi-endogenous growth model with two intermediate goods, one produced from labour and one from the non-renewable resource. The technology for producing these goods is partially endogenous and determined separately for both goods. The two intermediate goods are used to produce final output of the economy. Using this setup, this paper derives conditions for stable sustainable positive long-run growth in per capita production and consumption. Keywords: non-renewable resources; semi-endogenous growth; sustainability; sustainable growth; sustainable development; sustainable economy; growth modelling; per capita production; per capita consumption; technological change. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijsuse:v:2:y:2010:i:4:p:365-381 Access Statistics for this article More articles in International Journal of Sustainable Economy from Inderscience Enterprises Ltd |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.