Natural Resources Dynamics: Another Look
Giuseppe Di Vita
Economic growth,Endogenous technological progress,Exhaustible resources,Pigouvian taxes,Renewable natural inputs,Technological substitutability
Climate Change and Sustainable Development
In this paper we study the problem of exhaustible resources and renewable resources in a theoretical endogenous growth framework, under various assumptions. In particular, we consider the hypotheses that those two inputs are or are not technologically perfect substitutes of each other. Moreover, we develop the starting model accounting for the negative externality of waste accumulation. Finally, a comparative analysis is made between Pigouvian tax and waste recycling as an environmental policy to internalize the negative externality represented by refuse accumulation.