Bertinelli, Luisito (contributor); Strobl, Eric (contributor) - 2006
relationship between output and environmental quality in
developing countries within a vintage capital framework. Our results
show … build on the Schumpeterian
framework of Aghion and Howitt (1998) by introducing a vintage capital
structure, where the law … takes
into account the exhaustibility of resources. Importantly, and contrary to
existing models, our vintage capital …