Sustainable Economic Development: On the Coexistence of Resource-Dependent and Resource-Impacting Industries

Ramon Lopez

No 92390, Working Papers from University of Maryland, Department of Agricultural and Resource Economics

Abstract: This paper studies the interactions between harvesters that depend on the renewable resource as a vital factor of production (i.e., fisheries) and industries that can have important impacts on the renewable resource but whose production does not depend on it (i.e., off-shore oil extraction) in the context of a growing economy. We examine these issues in the context of a closed economy focusing on how the co-existence between these two sectors affects the potential for sustainable development and how the well-being of the poor, i.e., the harvesters, is affected. We identify conditions under which existence and expansion of a resource-impacting sector may make sustainable development more likely. However, if these conditions are not met growth of the resource-impacting sector leads to resource depletion or even complete extinction and thus to the disappearance of the harvesting activity over the long run.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 24
Date: 2010-06
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
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Citations: View citations in EconPapers (8)

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Journal Article: Sustainable economic development: on the coexistence of resource-dependent and resource-impacting industries (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umdrwp:92390

DOI: 10.22004/ag.econ.92390

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