Natural Resource Depletion, Optimal Economic Growth and Sustainable Development

摘要：

Potential conflicts between economic growth and environmental degradation are central to the sustainable development debate. In this paper, we extend the previous analysis by developing a four-sector model of endogenous growth with horizontal innovations and non-renewable resources. We focus on how increasing non-renewable resource depletion and degradation, and endogenous technological progress affect long-run economic growth. First, we study the optimum in the planned economy compatible with our model, and we derive the solutions of the optimal equilibrium and a sufficient condition under which the sustainable growth path is both feasible and optimal; more specifically, we perform some comparative statics exercises to analyze the effects of parameter variations arising from the economic environment on the steady-state growth rate,and the stability of the dynamic economic system is also studied. Finally, we present some concluding remarks and discuss their policy implications.

关键词： Resource depletion technological progress endogenous growth sustainable development

作者: Shuijun Peng Ling Liu

作者单位: Associate Professor, Economics School Xiamen University Xiamen City, P.R.China Tan Kah Kee College Xiamen University Xiamen City, P.R.China

会议类型: 国际会议

会议名称: 2007 Conference on Systems Science, Management Science and System Dynamics(第二届系统科学、管理科学与系统动力学国际会议)

会议地点: 上海

会议语种:英文

页码: 1677-1684

在线出版日期: 2007-10-19（万方平台首次上网日期，不代表论文的发表时间）