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The paper investigates socially optimal patterns of economic growth and environmental quality in a neoclassical growth model with endogenous technological progress. In the model, the environmental quality affects positively not only to utility but also to production. However, cleaner...
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The paper investigates socially optimal patterns of economic growth and environmental quality in a neoclassical growth model with endogenous technological progress. In the model, the environmental quality affects positively not only to utility but also to production. However, cleaner...
Persistent link: https://www.econbiz.de/10014199264
This paper incorporates a task-based approach into a neoclassical model and analyze how automation affects economic growth. We found that if task producers smoothly adopt automation technology along the capital accumulation path, sustained growth is possible even without technological progress....
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