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Using a dynamic model with non-renewable natural resources and endogenous knowledge creation, the paper analyses economic development under conditions which are generally considered as most unfavourable. We assume poor substitution between primary input factors, positive population growth and a...
Persistent link: https://www.econbiz.de/10011793168
We analyze a multi-sector growth model with directed technical change where man-made capital and exhaustible resources are essen tial for production. The relative profitability of factor-specific innovations endogenously determines whether technical progress will be capital- or...
Persistent link: https://www.econbiz.de/10003288482
This paper introduces heterogeneity of cross-technologies interactions into the double-differentiated R&D-based endogenous growth model. In this model new technologies appear continuously and older are outdated generating structural change. All technologies may interact with each other through...
Persistent link: https://www.econbiz.de/10011790678
environmental quality until the moment that pollution is great enough to make profitable the investment in R&D. After this turning …
Persistent link: https://www.econbiz.de/10008840029
links the pollution intensity of economic activity to technological progress. In a second step, it investigates the effect … of pollution on economic growth under the assumption that pollution intensities are related to technological progress …. Several conclusions emerge from the model. In equilibrium, the economy follows a balanced growth path. The effect of pollution …
Persistent link: https://www.econbiz.de/10008652548
environmental quality until the moment that pollution is great enough to make profitable the investment in R&D. After this turning …
Persistent link: https://www.econbiz.de/10014199264
Persistent link: https://www.econbiz.de/10011709997
Environmental pollution is introduced both as a joint product and as a source of disutility in growth models. The … have sustained growth in the long run without accumulation of pollution; what is the impact of environmental concerns on …, consumption or environmental pollution affected if we take into account the environment; what type of deviations do we observe …
Persistent link: https://www.econbiz.de/10014023909
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468
This North-South model of Schumpeterian endogenous growth combines a market, productivity and knowledge effect. A set of various convergent and divergent growth paths is derived that is much richer than in the literature so far. South-North convergence based on North-South technology diffusion...
Persistent link: https://www.econbiz.de/10010204037