Jürgen Antony
Depletion of Non-Renewable Resources and
Endogenous Technical Change
Abstract:
Non-renewable resources are an obstacle for positive long run growth if
they are essential for production, households solve an intertemporal
Ramsey problem and population is growing. Modern growth models predict
that growth is positively related to growth in production factors.
Hence, there are opposing forces at work if labor as one factor is
growing and the use of the non-renewable resource as another factor is
shrinking. The paper develops a semi-endogenous growth model with one
labor and one resource using sector and derives conditions for stable
positive long run growth in per capita production and consumption.
JEL: Q32,
O31, O33
Paper:
Paper available as pdf-file.
Beitrag Nr. 291, Volkswirtschaftliche Diskussionsreihe, Institut
für
Volkswirtschaftslehre der Universität Augsburg
Contact:
Jürgen
Antony
email: juergen.antony@wiwi.uni-augsburg.de
v.
K., 25.05.2007