Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: The implications of heterogeneous resource intensities on technical change and growth
Authors: Pittel, Karen
Bretschger, Lucas
DOI: 10.1111/j.1540-5982.2010.01610.x
Published in: The Canadian Journal of Economics
Volume(Issue): 43
Issue: 4
Pages: 1173
Pages to: 1197
Issue Date: 2010
Publisher / Ed. Institution: Wiley
ISSN: 0008-4085
1540-5982
Language: English
Subject (DDC): 333: Economics of land and resources
Abstract: We analyze the long-term dynamics of an economy in which sectors are heterogeneous with respect to the intensity of natural resource use. It is shown that heterogeneity induces technical change to be biased towards resource-intensive sectors. Along the balanced growth path, the sectoral structure of the economy is constant as the higher resource dependency in resource-intensive sectors is compensated by enhanced research activities. Resource taxes have no impact on dynamics except when the tax rate varies over time. Research subsidies and the sectoral provision of productivity-enhancing public goods raise growth and provide an effective tool for structural policy.
URI: https://digitalcollection.zhaw.ch/handle/11475/9488
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Center for Economic Policy (FWP)
Appears in collections:Publikationen School of Management and Law

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