Economic dynamics with renewable resources and pollution

My Dam, Thai Ha-Huy, Cuong Le Van () and Thi Tuyet Mai Nguyen
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My Dam: EPEE - Centre d'Etudes des Politiques Economiques - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay
Cuong Le Van: IPAG Business School, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, TIMAS - Institute of Mathematics and Applied Science
Thi Tuyet Mai Nguyen: Thuongmai University - Partenaires INRAE, UP1 - Université Paris 1 Panthéon-Sorbonne

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: 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.

Keywords: Two-sector economy; Renewable resources; Pollution externality; Ramsey model; renewable resources; pollution externality (search for similar items in EconPapers)
Date: 2020-11
Note: View the original document on HAL open archive server: https://paris1.hal.science/hal-04131071
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Citations: View citations in EconPapers (2)

Published in Mathematical Social Sciences, 2020, 108, pp.14-26. ⟨10.1016/j.mathsocsci.2020.08.002⟩

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Related works:
Journal Article: Economic dynamics with renewable resources and pollution (2020)
Working Paper: Economic dynamics with renewable resources and pollution (2020)
Working Paper: Economic dynamics with renewable resources and pollution (2020)
Working Paper: Economic Dynamics with Renewable Resources and Pollution (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-04131071

DOI: 10.1016/j.mathsocsci.2020.08.002

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