JOURNAL OF BEIJING UNIVERSITY OF AERONAUTICS AND A ›› 2014, Vol. 27 ›› Issue (6): 56-62.DOI: 10.13766/j.bhsk.1008-2204.2014.0047

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Nonrenewable Resources,CO2 Emission and Sustainable Development

He Jun, Fan Linlin   

  1. School of Management, University of Science and Technology of China, Hefei 230026, China
  • Received:2014-02-20 Online:2014-11-25 Published:2014-11-21

Abstract:

Based on Romer model, the paper develops an endogenous growth model with the restrains of pollution and nonrenewable resources by introducing environmental quality into utility function, pollution into production function. Then it uses dynamic optimization methods to calculate the results and gets the optimal balanced growth path and also the condition of sustainable development. The results show that high efficiency of R&D, adequate human capital, strict environmental standards and high technical cleanliness can help overcome problems of resources and environment, thus the sustainable development can be achieved.

Key words: nonrenewable resources, CO2 emission, sustainable development, endogenous growth, environmental quality, production function, utility function

CLC Number: