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dc.contributor.authorAgnani, Betty
dc.contributor.authorGutiérrez Huerta, María José
dc.contributor.authorIza Padilla, María Amaya ORCID
dc.date.accessioned2012-02-03T19:33:51Z
dc.date.available2012-02-03T19:33:51Z
dc.date.issued2007-10
dc.identifier.issn1988-088X
dc.identifier.urihttp://hdl.handle.net/10810/6708
dc.description.abstractThe aim of this paper is to analyze how active R&D policies affect the growth rate of an economy with endogenous growth and non-renewable resources. We know from Scholz and Ziemens (1999) and Groth (2006) that in infinitely lived agents (ILA) economies, any active R&D policy increases the growth rate of the economy. To see if this result also appears in economies with finite lifetime agents, we developed an endogenous growth overlapping generations (OLG) economy à la Diamond which uses non-renewable resources as essential inputs in final good’s production. We show analytically that any R&D policy that reduces the use of natural resources implies a raise in the growth rate of the economy. Numerically we show that in economies with low intertemporal elasticity of substitution (IES), active R&D policies lead the economy to increase the depletion of non-renewable resources. Nevertheless, we find that active R&D policies always imply increases in the endogenous growth rate, in both scenarios. Furthermore, when the IES coefficient is lower (greater) than one, active R&D policies affect the growth rate of the economy in the ILA more (less) than in OLG economies.es
dc.description.sponsorshipFinancial support from the Spanish Ministry of Education and Science, through Projects SEJ2006-12793/ECON, SEJ2007-62081/ECON and SEJ2006-10827/ECON, and Universidad del País Vasco through Grupo de Investigación Consolidado UPV GIU06/41.es
dc.language.isoenges
dc.publisherUniversity of the Basque Country, Department of Foundations of Economic Analysis IIes
dc.relation.ispartofseriesDFAEII 2007.05
dc.rightsinfo:eu-repo/semantics/openAccesses
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/*
dc.subjectendogenous growthes
dc.subjectR&Des
dc.subjectnon-renewable resourceses
dc.subjectoverlapping generationses
dc.subjectinfinitely lived agentses
dc.subjectbalanced growth pathes
dc.titleR&D Policy in Economies with Endogenous Growth and Non-Renewable Resourceses
dc.typeinfo:eu-repo/semantics/workingPaperes
dc.rights.holderAttribution-NonCommercial-ShareAlike 3.0 Unported*
dc.subject.jelO13
dc.subject.jelO40
dc.subject.jelQ32
dc.identifier.repecRePEc:ehu:dfaeii:200705es
dc.departamentoesFundamentos del análisis económico IIes_ES
dc.departamentoeuEkonomia analisiaren oinarriak IIes_ES
dc.subject.categoriaAGRICULTURAL AND NATURAL RESOURCE ECONOMICS; ENVIRONMENTAL AND ECOLOGICAL ECONOMICS
dc.subject.categoriaECONOMICS, ECONOMETRICS AND FINANCE
dc.subject.categoriaECONOMIC DEVELOPMENT, TECHNOLOGICAL CHANGE, AND GROWTH


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