✦ LIBER ✦

Sustainable growth, renewable resources and pollution: Thresholds and cycles

✍ Scribed by Franz Wirl

Publisher: Elsevier Science
Year: 2004
Tongue: English
Weight: 229 KB
Volume: 28
Category: Article
ISSN: 0165-1889
DOI: 10.1016/s0165-1889(03)00077-0

No coin nor oath required. For personal study only.

✦ Synopsis

Ayong Le Kama (J. Econ. Dyn. Control 25 (2001) 1911) combines within an interesting model optimal saving (a la Ramsey) with optimal intertemporal renewable resource use a la Berck (J. Environ. Econ. Manage. 11 (1981) 101). This note draws attention to two possible outcomes-thresholds and limit cycles-that are overlooked in Ayong Le Kama (but also in other recent works) and that are quite important in this context.

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