Arbeitspapier
Sectoral Heterogeneity, Resource Depletion, and Directed Technical Change: Theory and Policy
We analyze an economy in which sectors are heterogeneous with respect to the intensity of natural resource use. Long-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path and determine stability conditions. Technical change is found to be biased towards the resource-intensive sector. Resource taxes have no impact on dynamics except when the tax rate varies over time. Constant research subsidies raise the growth rate while increasing subsidies have the opposite effect. We also find that supporting sectors by providing them with productivity enhancing public goods can raise the growth rate of the economy and additionally provide an effective tool for structural policy.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Working Paper Series ; No. 08/96
- Klassifikation
-
Wirtschaft
One, Two, and Multisector Growth Models
Sustainable Development
- Thema
-
sustainable development
sectoral heterogeneity
directed technical change
Wirtschaftswachstum
Mehrsektoren-Modell
Nachhaltige Entwicklung
Erschöpfbare Ressourcen
Technischer Fortschritt
Wachstumstheorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pittel, Karen
Bretschger, Lucas
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, CER-ETH - Center of Economic Research
- (wo)
-
Zurich
- (wann)
-
2008
- DOI
-
doi:10.3929/ethz-a-005666561
- Handle
- Letzte Aktualisierung
-
2025-03-10T11:42:22+0100
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pittel, Karen
- Bretschger, Lucas
- ETH Zurich, CER-ETH - Center of Economic Research
Entstanden
- 2008
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