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Capital depreciation and waste accumulation in capital-resource economies

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  • R. Yamaguchi
  • K. Ueta

Abstract

In this article, we investigate how the depreciation of a manufactured stock and the related accumulation of a waste stock can alter the optimal path of the capital-resource economy. It is shown that the optimal consumption path is affected by how the disuse pattern of the manufactured stock in question is distributed, specifically with forward-looking terms.

Suggested Citation

  • R. Yamaguchi & K. Ueta, 2011. "Capital depreciation and waste accumulation in capital-resource economies," Applied Economics Letters, Taylor & Francis Journals, vol. 18(6), pages 519-522.
    • Handle: RePEc:taf:apeclt:v:18:y:2011:i:6:p:519-522
    DOI: 10.1080/13504851003761814
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    1. Simone Valente, 2005. "Sustainable Development, Renewable Resources and Technological Progress," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 30(1), pages 115-125, January.
    2. Kleijn, Rene & Huele, Ruben & van der Voet, Ester, 2000. "Dynamic substance flow analysis: the delaying mechanism of stocks, with the case of PVC in Sweden," Ecological Economics, Elsevier, vol. 32(2), pages 241-254, February.
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    5. Aronsson, Thomas & Lofgren, Karl-Gustaf, 2008. "Welfare equivalent NNP and habit formation," Economics Letters, Elsevier, vol. 98(1), pages 84-88, January.
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    More about this item

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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