Le, Thanh; Van, Cuong Le - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
Upon introducing natural resources, both renewable and non-renewable, into an endogenous growth framework with R&D, this paper derives the transitional dynamics of an economy towards its long-run equilibrium. Using the Euler - Lagrange framework, this paper has succesfully figured out the...