Conservation of Resources and the Impact of Privatization: A General Equilibrium Analysis

Mainak Bhattacharjee (), Dipti Ghosh and Sanghita Ghosh
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Mainak Bhattacharjee: Loreto College
Dipti Ghosh: Kolaghat Government Polytechnic
Sanghita Ghosh: Jadavpur University

Chapter Chapter 3 in Economic, Environmental and Health Consequences of Conservation Capital, 2023, pp 29-39 from Springer

Abstract: Abstract The utilization of resources in an optimal manner becomes very crucial for the programs of sustainable development of a nation. It involves minimization of the use of non-renewable resources given the state of technological know-how. The primary objective of this chapter is to explore the high risk associated with the privatization of natural resources in terms of environmental degradation. It develops a general equilibrium framework for an open economy producing two goods using both dirty energy (polluting more) and cleaner energy which are substitute of each other, along with labour and capital. It shows that government regulations by means of tariff to the dirty input or increased expenditure on clean input are helpful in mitigating pollution.

Keywords: Privatization; Renewable resources; Non-renewable resources; Government regulation; Environment (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-4137-7_3

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DOI: 10.1007/978-981-99-4137-7_3

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