Renewable Natural Resources and Endogenous Growth

J. Aznar-Marquez and José Ruiz-Tamarit
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J. Aznar-Marquez: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) and Universitat de Valencia (Spain)

No 2002029, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: We study a two-sector endogenous growth model where a single consumption good is obtained using a renewable resource in combination with physical capital. Both inputs are essential for production and technical substitutes. In this context we analyze the issues of sustainability, long-run and short-run growth as well as convergence, associated with the competitive equilibrium solution trajectories. We show that efficiency, long-run growth and sustainability are both compatible in a natural resource based production economy.

Keywords: Natural Capital; Endogenous Growth; Sustainability; Convergence (search for similar items in EconPapers)
JEL-codes: C62 D90 O41 Q20 (search for similar items in EconPapers)
Pages: 21
Date: 2002-07-01
New Economics Papers: this item is included in nep-dev
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Citations: View citations in EconPapers (2)

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http://sites.uclouvain.be/econ/DP/IRES/2002-29.pdf (application/pdf)

Related works:
Journal Article: RENEWABLE NATURAL RESOURCES AND ENDOGENOUS GROWTH (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2002029

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