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- handle: 10670/1.i6awc4
- hal: hal-04131071
- doi: 10.1016/j.mathsocsci.2020.08.002
- PII: S0165-4896(20)30078-0
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.mathsocsci.2020.08.002
http://creativecommons.org/licenses/by-nc/ , info:eu-repo/semantics/OpenAccess
Mots-clés
Two-sector economy Renewable resources Pollution externality Ramsey model renewable resources pollution externality Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q51 - Valuation of Environmental EffectsSujets proches
Renewable natural resources--Economic aspects Natural resources, Renewable Renewable resources Resources, Renewable natural Environmental pollution Chemical pollution Pollution--Control Contamination of environmentCiter ce document
My Dam et al., « Economic dynamics with renewable resources and pollution », HAL-SHS : économie et finance, ID : 10.1016/j.mathsocsci.2020.08.002
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Résumé
This article considers a two-sector economy with externalities. In particular, the analysis involves an industrial sector whose polluting production activities have negative effects on the regeneration of a natural resource in the other sector. Without convexity or supermodularity, we prove that the economy evolves to increase the net gain of stock (a similar notion to the net gain of investment in Kamihigashi and Roy (2007)), and establish the conditions ensuring the convergence of the economy in the long run.