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Economic Growth and Resource Amenity

Author

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  • Yuli Radev

Abstract

The present paper discuses conditions, under which the optimal decision for development of natural resources includes permanently preserve of natural environment. These conditions are much more restrictive then the conditions in other models of economic growth and sustained development. There is no way the increasing consumption and decreasing prices to guarantee a permanent protection of natural environment. However, the initial capital endowment appears an important determinant of optimal level of permanent preservation of natural environment. Taking in to account the value of amenity resources leads to higher initial price of resources and lower rate of growth of this price.

Suggested Citation

  • Yuli Radev, 2014. "Economic Growth and Resource Amenity," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 18-32, June.
    • Handle: RePEc:nwe:iisabg:y:2014:i:2:p:18-32
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    Citations

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    Cited by:

    1. Fir Nejc, 2022. "Does Debt Have Threshold Effects on Medium-Term Growth? Evidence from European Union Countries," Naše gospodarstvo/Our economy, Sciendo, vol. 68(2), pages 1-18, June.
    2. Constantin ANGHELACHE & Marian SFETCU & Mugurel POPOVICI & Zoica DINCA (NICOLA), 2016. "General aspects regarding the concept of economic growth," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(10), pages 67-70, October.
    3. Oleg Badunenko & Daniel J. Henderson & Valentin Zelenyuk, 2017. "The Productivity of Nations," Working Papers in Economics & Finance 2017-05, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.

    More about this item

    Keywords

    economic growth;

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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