Optimal Economic Growth with Exhaustible Resources

ISBN-13: 9781138103184 / Angielski / Miękka / 2019 / 132 str.

Prem C. Garg

Opis

Originally published in 1979. For decades conservationists have argued that increasing population will eventually out-strip the limited natural resources of the earth. Economists have responded by saying that any resource scarcity will be forestalled by changes in tastes and technology, induced by the appropriate price signals. This study is an attempt to develop a theoretical framework for analysing some of the issues related to this debate. This title will be of interest to students of environmental economics.

Spis treści

1. Introduction and Overview  2. Model Description and Optimality Conditions  3. Optimal Growth Paths for Cobb-Douglas Technologies  4. Optimal Growth Paths Under Max-Min Welfare Functional  5. Conclusions

O autorze

Prem C. Garg