On the sustainable growth in an economy with perfectly substitutable exhaustible resources

DOI10.1111/nrm.12007zbMATH Open1542.91205MaRDI QIDQ6550425

Pavol Jurča, Margaréta Halická

Publication date: 5 June 2024

Published in: Natural Resource Modeling (Search for Journal in Brave)

zbMATH Keywords

optimal controlHartwick's ruleexhaustible resourcessustainable consumptionDasgupta-Heal-Solow model

Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) PDEs in connection with game theory, economics, social and behavioral sciences (35Q91)

Cites Work

• Constant savings rates and quasi-arithmetic population growth under exhaustible resource constraints
• Sustained development of a society with a renewable resource
• Hartwick's rule and maximin paths when the exhaustible resource has an amenity value
• Optimal exploration for and exploitation of heterogeneous mineral deposits
• Characterizing sustainability: The converse of Hartwick's rule
• On Hartwick's Rule for Regular Maximin Paths of Capital Accumulation and Resource Depletion
• Necessary Conditions for Optimal Control Problems with Infinite Horizons
• Maximin Paths of Heterogeneous Capital Accumulation and the Instability of Paradoxical Steady States
• ON THE SUSTAINABLE PROGRAM IN SOLOW'S MODEL
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