Constant per capita consumption paths with exhaustible resources and decaying produced capital
AbstractWe introduce decay in produced capital and exogenous technical progress to the recent "Solow Model" of Asheim et al. with population growth and observe the possible collapse of the economy given too high a rate of decay. "Enough" technical progress can restore sustainable per capita consumption.
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Bibliographic InfoArticle provided by Elsevier in its journal Ecological Economics.
Volume (Year): 68 (2009)
Issue (Month): 12 (October)
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Web page: http://www.elsevier.com/locate/ecolecon
Exhaustible resource Intertemporal equity Population increase Technical progress and radio-active decay in produced capital;
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