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Solow Sustainablility with Varying Population Levels

Author

Listed:
  • John Hartwick

Abstract

We take up three variants of Solow [1974], each with population change endogenous. When each model exhibits sustainability the same three conditions are satisfied: (i) investment in produced capital is funded by resource rents plus "extra" saving, (ii) "extra" saving funds the same two gaps related to population increase and (iii) Hotelling's Rule is satisfied. We focus attention on condition (ii) here. The Stollery variant involves warming caused by current hydrocarbon extraction.

Suggested Citation

  • John Hartwick, 2021. "Solow Sustainablility with Varying Population Levels," Working Paper 1479, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:1479
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    File URL: https://www.econ.queensu.ca/sites/econ.queensu.ca/files/wpaper/qed_wp_1479.pdf
    File Function: First version 2021
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    More about this item

    Keywords

    Sustainability; population increase; funding gaps;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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