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In this paper, we investigate the external effects of the parent's decisions on the number of newly born children and the firm's decisions on the amount of polluting emissions that occur in industrial production. We employ an optimal control model which comprises three stock variables...
Persistent link: https://www.econbiz.de/10003379140
the relationships between population development, economic dynamics and environmental pollution are complex due to various … long-run steady state is optimal that is characterized by a stable pollution stock, and by population and economic growth …
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