Abstract
In a number of models studied by the contemporary literature, economic growth is obtained by endogenizing the productivity of labor services. This goal is typically achieved making the contribution to production due to the use of those factors depend upon the past accumulation of capital, be this physical, as in (Romer, 1986; Barro, 1990), or human, as in (Lucas, 1988). The purpose of this paper is to mimic such a technique to get sustainable growth in a simple model characterized by the presence of an environmental asset.
The authors would like to thank financial support from NCR, under the contribution No. 93.04794.CT10
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Cazzavillan, G., Musu, I. (1998). A Simple Model of Optimal Sustainable Growth. In: Chichilnisky, G., Heal, G., Vercelli, A. (eds) Sustainability: Dynamics and Uncertainty. Fondazione Eni Enrico Mattei (FEEM) Series on Economics, Energy and Environment, vol 9. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4892-4_6
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DOI: https://doi.org/10.1007/978-94-011-4892-4_6
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