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In a recent contribution, Empora and Mamuneas (2011) find a positive relation between pollution emissions and the total factor productivity (TFP). In the present paper, we show that this positive effect reduces the effect of pollution on the marginal utility of consumption for which a limit...
Persistent link: https://www.econbiz.de/10010836276
In this paper, we solve a Solow model in continuous time and space. We prove the existence of a solution to the problem and its convergence to a stationary solution. The simulations of various scenario in the last section of the paper illustrates the convergence issue.
Persistent link: https://www.econbiz.de/10010836075
In this paper, we solve a Solow model in continuous time and space. We prove the existence of a solution to the problem and its convergence to a stationary solution. The simulations of various scenario in the last section of the paper illustrates the convergence issue.
Persistent link: https://www.econbiz.de/10005416880