Optimal Economic Growth with Exhaustible Resources

Prem C. Garg (Autor)

Buch | Softcover

132 Seiten

2019
Routledge (Verlag)
978-1-138-10318-4 (ISBN)

Artikel merken

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. Using an optimal growth theory framework, the author analyses the problem of optimally allocating a finite stock of the resource over time. In the process the author points out the crucial parameters and value judgments relevant to the various issues. This title will be of interest to students of environmental economics.

Prem C. Garg

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

Erscheinungsdatum	30.04.2019
Reihe/Serie	Routledge Library Editions: Environmental and Natural Resource Economics
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	453 g
Themenwelt	Naturwissenschaften ► Biologie ► Ökologie / Naturschutz
Themenwelt	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	1-138-10318-7 / 1138103187
ISBN-13	978-1-138-10318-4 / 9781138103184
Zustand	Neuware