This paper presents a simple model of optimal sustainable growth in which the environmental stock enters consumers' preferences and production possibilities depend upon the use of produced physical capital and the use of a flow of productive services provided through the exploitation of the...

We present an optimal endogenous growth model with an environmental asset which delivers a direct social utility value. The efficiency of the production services provided by the environmental asset directly depend on past capital accumulation. Such an assumption corresponds to assuming that past...

We present an optimal endogenous growth model with an environmental asset which delivers a direct social utility value. The efficiency of the production services provided by the environmental asset directly depend on past capital accumulation. Such an assumption corresponds to assuming that past...