Depletable Energy, Intermediate Goods Quality, and Sustainable Growth

Zhaoxi Tang, Chuanzhong Li and Wen Xiao

Emerging Markets Finance and Trade, 2020, vol. 56, issue 13, 3072-3083

Abstract: In this article, we attempt to develop a four-sector endogenous growth model with depletable energy resources to study how energy resource depletion and R&D would affect long-run economic growth. We apply the Schumpeterian approach of vertical innovation to characterize technological progress by the efficiency improvement in intermediate goods. We obtain the social optimal equilibrium of this economic system and discuss the conditions for the existence of balanced growth path. We also conduct stability analysis of the optimal long-run balanced growth path and come up with some appropriate policy recommendations.

Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/1540496X.2018.1528870 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:56:y:2020:i:13:p:3072-3083

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MREE20

DOI: 10.1080/1540496X.2018.1528870

Access Statistics for this article

More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().