Growth and non-renewable resources: The different roles of capital and resource taxes

Aghion, 1998 Aghion, 1998, Capital accumulation and innovation as complementary factors in long-run growth, J. Econ. Growth, 3, 111, 10.1023/A:1009769717601 Antweiler, 2002, Increasing returns and all that: a view from trade, Amer. Econ. Rev., 92, 93, 10.1257/000282802760015621 Arrow, 1962, The economic implications of learning by doing, Rev. Econ. Stud., 29, 155, 10.2307/2295952 Barro, 2004 Bovenberg, 1995, Environmental quality and pollution-augmenting technological change in a two-sector endogenous growth model, J. Public Econ., 57, 369, 10.1016/0047-2727(95)80002-Q Caballero, 1992, The case of external economies, 117 Dasgupta, 1979 Farzin, 1996, Global carbon cycle and the optimal time path of a carbon tax, Oxford Econ. Pap., 48, 515, 10.1093/oxfordjournals.oep.a028582 D. Fullerton, S. Kim, Environmental investment and policy with distortionary taxes and endogenous growth, NBER WP 12070, 2006. Grimaud, 2003, Non-renewable resources and growth with vertical innovations: optimum, equilibrium and economic policies, J. Environ. Econom. Management, 45, 433, 10.1016/S0095-0696(02)00049-9 Groth, 2002, Can nonrenewable resources alleviate the knife-edge character of endogenous growth?, Oxford Econ. Pap., 54, 386, 10.1093/oep/54.3.386 C. Groth, P. Schou, Capital taxation, growth, and non-renewable resources, EPRU Working Paper Series No. 2004-16, Department of Economics, University of Copenhagen, 2004. Hall, 1990, Invariance properties of Solow's residual, 71 Jones, 1995, R & D-based models of economic growth, J. Polit. Economy, 103, 759, 10.1086/262002 Jones, 1993, Optimal taxation in models of endogenous growth, J. Polit. Economy, 101, 485, 10.1086/261884 King, 1990, Public policy and economic growth: developing neoclassical implications, J. Polit. Economy, 98, S126, 10.1086/261727 Krautkraemer, 1998, Nonrenewable resource scarcity, J. Econ. Lit., 36, 2065 Lucas, 1990, Supply-side economics: an analytical review, Oxford Econ. Pap., 42, 293, 10.1093/oxfordjournals.oep.a041948 Milesi-Ferretti, 1998, Growth effects of income and consumption taxes, J. Money, Credit, Banking, 30, 721, 10.2307/2601126 Nordhaus, 1992, Lethal Model 2: the limits to growth revisited, Brookings Pap. Econ. Act., 2, 1, 10.2307/2534581 Rebelo, 1991, Long-run policy analysis and long-run growth, J. Polit. Economy, 99, 500, 10.1086/261764 Robson, 1980, Costly innovation and natural resources, Int. Econ. Rev., 21, 17, 10.2307/2526237 Romer, 1990, Endogenous technological change, J. Polit. Economy, 98, S71, 10.1086/261725 Romer, 1995, Comment to Srinivasan, 66 Scholz, 1999, Exhaustible resources, monopolistic competition, and endogenous growth, Environ. Res. Econ., 13, 169, 10.1023/A:1008201811142 Schou, 2000, Polluting nonrenewable resources and growth, Environ. Res. Econ., 16, 211, 10.1023/A:1008359225189 Schou, 2002, When environmental policy is superfluous: growth and polluting resources, Scand. J. Econ., 104, 605, 10.1111/1467-9442.00304 Sinclair, 1992, High does nothing and rising is worse: carbon taxes should keep declining to cut harmful emissions, The Manchester School, 60, 41, 10.1111/j.1467-9957.1992.tb00209.x Sinclair, 1994, On the optimum trend of fossil fuel taxation, Oxford Econ. Pap., 46, 869, 10.1093/oep/46.Supplement_1.869 Solow, 1994, Perspectives on growth theory, J. Econ. Perspect., 8, 45, 10.1257/jep.8.1.45 J. Stiglitz, Growth with exhaustible natural resources: efficient and optimal growth paths, Rev. Econ. Stud., Symposium Issue 41 (1974), 123–137. J. Stiglitz, Growth with exhaustible natural resources: the competitive economy, Rev. Econ. Stud., Symposium Issue 41 (1974) 139–152. Stiglitz, 1975, The efficiency of market prices in long-run allocations in the oil industry, 55 Stokey, 1998, Are there limits to growth?, Internat. Econ. Rev., 39, 1, 10.2307/2527228 Stokey, 1995, Growth effects of flat-rate taxes, J. Polit. Economy, 103, 519, 10.1086/261993 Suzuki, 1976, On the possibility of steadily growing per capita consumption in an economy with a wasting and non-replenishable resource, Rev. Econ. Stud., 43, 527, 10.2307/2297231 Takayama, 1980, Optimal technical progress with exhaustible resources, 95 Uhlig, 1996, Increasing the capital income tax may lead to faster growth, Europ. Econ. Rev., 40, 1521, 10.1016/0014-2921(96)00032-3