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Transitional dynamics and uniqueness of the balanced-growth path in a simple model of endogenous growth with environmental asset

Cazzavillan, Guido; Musu, Ignazio - 2001

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...

Persistent link: https://www.econbiz.de/10011608827