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FOREIGN DEBT AND RENEWABLE RESOURCES 1
Author(s) -
Rauscher Michael
Publication year - 1989
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.1989.tb00441.x
Subject(s) - imperfect , economics , debt , external debt , renewable energy , renewable resource , production (economics) , natural resource economics , capital (architecture) , capital market , resource (disambiguation) , monetary economics , microeconomics , macroeconomics , finance , ecology , biology , history , philosophy , linguistics , computer network , archaeology , computer science
The paper investigates the relationship between the indebtedness situation of a (developing) country and its production of renewable resources. It is shown that such a relationship exists if the capital market on which the country borrows and lends is imperfect. Additionally, it can be seen that under realistic assumptions about the type of the market imperfection a debt relief has a resource‐conserving effect.