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This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10009365645
environment only because its degradation affects the industry's economic performance. The environment does not enter directly …
Persistent link: https://www.econbiz.de/10005789196