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| Title: | Sustainable Economic Development: On the Coexistence of Resource-Dependent and Resource-Impacting Industries |
| Authors: | Lopez, Ramon E. |
| Issue Date: | 2010-06 |
| Series/Report no.: | Working Paper
10-03 |
| Abstract: | This paper studies the interactions between harvesters that depend on the renewable resource as a vital factor of production (i.e., fisheries) and industries that can have important impacts on the renewable resource but whose production does not depend on it (i.e., off-shore oil extraction) in the context of a growing economy. We examine these issues in the context of a closed economy focusing on how the co-existence between these two sectors affects the potential for sustainable development and how the well-being of the poor, i.e., the harvesters, is affected. We identify conditions under which existence and expansion of a resource-impacting sector may make sustainable development more likely. However, if these conditions are not met growth of the resource-impacting sector leads to resource depletion or even complete extinction and thus to the disappearance of the harvesting activity over the long run. |
| URI: | http://purl.umn.edu/92390 |
| Institution/Association: | University of Maryland>Department of Agricultural and Resource Economics>Working Papers |
| Total Pages: | 24 |
| Collections: | Working Papers
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| 10-03.pdf | | 152Kb | PDF | View/Open |
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