Economic Growth and Natural Resources

Yuli Radev

Ikonomiceski i Sotsialni Alternativi, 2013, issue 4, 15-26

Abstract: The goal of the present paper is to ground macroeconomic model of economic growth, in which the natural resources participate as independent factor of production. The model is the basic instrument of comparative economic researches of the scarcity of mineral resources and growth, sustainable development, pricing, as well as estimation of the environmental effect of extraction and consumption of renewable and non-renewable natural resources. The attention in the report is focused on the mathematical and mathematic-economic aspects in the neoclassical models of growth, and particularly in the model Ramsey-Cass-Koopmans.

Keywords: economic growth; natural resources; Hamiltonian; constant elasticity of substitution; steady state equilibrium (search for similar items in EconPapers)
JEL-codes: C61 E21 Q32 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2013:i:4:p:15-26

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