primary input factors, positive population growth and a limited supply of materials in the static part of the framework, as … the dynamic part. It is shown that there is an inverse relationship between input substitution and growth …

We analyze the impact of the pollution generated by the use of non-renewable resources on the standard results of … growth models. In this context, we obtain a Hotelling rule which is not a pure efficiency condition any longer. Subsequently …€™ psychological discount rate leads to a slower extraction of the resource. Moreover, we present a simple endogenous growth model that …