-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path … taxes have no impact on dynamics except when the tax rate varies over time. Constant research subsidies raise the growth … productivity enhancing public goods can raise the growth rate of the economy and additionally provide an effective tool for …

-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path … taxes have no impact on dynamics except when the tax rate varies over time. Constant research subsidies raise the growth … productivity enhancing public goods can raise the growth rate of the economy and additionally provide an effective tool for …

The paper develops a model with non-exponential population growth, nonrenewable natural resources, and endogenous …, which is generally considered as most unfavourable for growth. We show that population growth and poor input substitution … achieved under free market conditions. With a backstop technology, the system converges to a balanced growth path with …

material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R …&D-based endogenous growth model with exhaustible natural resources, labour, knowledge, and physical capital as inputs, the present paper … addresses this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms …

material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R …&D-based endogenous growth model with exhaustible natural resources, the present paper addresses this critique. We study transitional … dynamics and long-term growth and identify conditions under which firms keep spending on research and development. Long …