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Kurz and Salvadori's thoroughly accounts for the recent developments in the classical theory of value and distribution. The authors, however, claim that long-period classical analysis can only deal with stationary economies, or economies in balanced growth, and restrict their theoretical...
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The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic...
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This paper investigates a problem of optimal growth with resource exhaustibility and pollution externality, based on a unified framework that explicitly considers augmentable man-made capital, exhaustible resource reserves, and accumulative environmental pollutants as three stock variables for...
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