G2TT
来源类型Book Section
DOI10.1007/978-3-642-34354-4_1
The problem of optimal endogenous growth with exhaustible resources revisited.
Aseev SM; Besov KO; Kaniovski S; Cuaresma, J Crespo; Palokangas, T; Tarasyev, A
发表日期2013
出处Green Growth and Sustainable Development. Eds. Cuaresma, J Crespo , Palokangas, T & Tarasyev, A , pp. 3-30 Berlin/Heidelberg: Springer. DOI: 10.1007/978-3-642-34354-4_1 .
出版年2013
语种英语
摘要We study optimal research and extraction policies in an endogenous growth model in which both production and research require an exhaustible resource. It is shown that optimal growth is not sustainable if the accumulation of knowledge depends on the resource as an input, or if the returns to scale in research are decreasing, or the economy is too small. The model is stated as an infinite-horizon optimal control problem with an integral constraint on the control variables. We consider the main mathematical aspects of the problem, establish an existence theorem and derive an appropriate version of the Pontryagin maximum principle. A complete characterization of the optimal transitional dynamics is given.
主题Advanced Systems Analysis (ASA)
URLhttp://pure.iiasa.ac.at/id/eprint/10577/
来源智库International Institute for Applied Systems Analysis (Austria)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/134269
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Aseev SM,Besov KO,Kaniovski S,et al. The problem of optimal endogenous growth with exhaustible resources revisited.. 2013.
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