The resource conservation effect of recycling in a dynamic Leontief model

The resource conservation effect of recycling in a dynamic Leontief model

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Article ID: iaor20081669
Country: Netherlands
Volume: 108
Issue: 1/2
Start Page Number: 334
End Page Number: 340
Publication Date: Jan 2007
Journal: International Journal of Production Economics
Authors: ,
Keywords: recycling, product recovery
Abstract:

The aim of the paper is to investigate the impact of recycling on the use of non-renewable resources in the economy. The paper tries to generalize the classical dynamic input–output model. In this regard we extend the standard Leontief model with the balance equation of recycled products, and we establish some properties of this augmented model. We investigate how recycling extends the availability of non-renewable natural resources for the next generations in an inter-industry framework. Supposing a balanced growth both for production and consumption, we examine the existence of the balanced growth path of this model and compare the results to the classical Leontief model. We try to answer the question whether recycling/reuse increases the growth possibility of an economy. Finally, we illustrate our results with a simple numerical example. Thus, we analyze a possible sustainable development of the economy on the basis of the product recovery management of industries.

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