Cunha-e-Sá, Maria A.; Reis, Ana Balcão; Roseta-Palma, … - Centro de Estudios Andaluces, Government of Andalusia - 2004
Nonrenewable resource scarcity has been a traditional concern when designing optimal growth models. Technological change has played an important role in those models, since its presence is assumed to mitigate the depletion effect on extraction paths over time. We formalize the general problem of...