Renewable Natural Resources and Endogenous Growth

Aznar-Márquez, J.;Ruiz-Tamarit, Jose
(2002)

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  • Aznar-Márquez, J.
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  • Ruiz-Tamarit, Jose
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Abstract
We study a two-sector endogenous growth model where a single consumption good is obtained using a renewable resource in combination with physical capital. Both inputs are essential for production and technical substitutes. In this context we analyze the issues of sustainability, long-run and short-run growth as well as convergence, associated with the competitive equilibrium solution trajectories. We show that efficiency, long-run growth and sustainability are both compatible in a natural resource based production economy.
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Aznar-Márquez, J., & Ruiz-Tamarit, J. (2002). Renewable Natural Resources and Endogenous Growth (ECON Working Papers 2002/29). https://hdl.handle.net/2078.5/34124