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Ressources non-renouvelables, impatience et effort optimal de recherche-développement

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  • Jean-Pierre Amigues
  • André Grimaud
  • Michel Moreaux

Abstract

We show how the exhaustion constraint of non renewable resources, against which maintaining a minimum level of consumption may collapse in the long run, could be relaxed by an appropriate effort in R?D. However along any optimal trajectory of the economy, this effort has to be made if and only if the productivity in the research sector is high enough compared with the impatience. We show that, in the case of strong impatience, the society must choose an increasing R?D effort but initially low, resulting in a long run decrease of the consumption level.

Suggested Citation

  • Jean-Pierre Amigues & André Grimaud & Michel Moreaux, 2004. "Ressources non-renouvelables, impatience et effort optimal de recherche-développement," Revue d'économie politique, Dalloz, vol. 114(3), pages 393-416.
    • Handle: RePEc:cai:repdal:redp_143_0393
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    References listed on IDEAS

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    1. André Grimaud, 2000. "Ressources naturelles et croissance endogène dans un modèle à biens horizontalement différenciés," Économie et Prévision, Programme National Persée, vol. 143(2), pages 213-226.
    2. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    3. John Thoburn, 2001. "The People's Republic of China after 50 years,edited by ROBERT LOUIS EDMONDS (Oxford: Oxford University Press, 2000, £14.99 p|bk)," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(8), pages 1192-1194.
    4. Edward Barbier, 1999. "Endogenous Growth and Natural Resource Scarcity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(1), pages 51-74, July.
    5. Partha Dasgupta & Geoffrey Heal, 1974. "The Optimal Depletion of Exhaustible Resources," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(5), pages 3-28.
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    Cited by:

    1. AMIGUES Jean-Pierre & MOREAUX Michel & RICCI Francesco, 2006. "Overcoming the Natural Resource Constraint Through Dedicated R&D Effort with Heterogenous Labor Supply," LERNA Working Papers 06.22.215, LERNA, University of Toulouse.
    2. Amigues, Jean-Pierre & Moreaux, Michel & Ricci, Francesco, 2008. "Resource-augmenting R&D with heterogeneous labor supply," Environment and Development Economics, Cambridge University Press, vol. 13(6), pages 719-745, December.
    3. Jean-Pierre Amigues & Ngo Van Long & Michel Moreaux, 2004. "Overcoming Natural Resource Constraints Through R&D," CIRANO Working Papers 2004s-14, CIRANO.

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