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Optimal Economic Growth with Exhaustible Resources: Routledge Library Editions: Environmental and Natural Resource Economics

Autor Prem C. Garg
en Limba Engleză Paperback – 24 apr 2019
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.
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Specificații

ISBN-13: 9781138103184
ISBN-10: 1138103187
Pagini: 136
Dimensiuni: 156 x 234 x 7 mm
Greutate: 0.45 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Routledge Library Editions: Environmental and Natural Resource Economics

Locul publicării:Oxford, United Kingdom

Public țintă

Postgraduate and Undergraduate

Cuprins

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

Descriere

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.