Article ID Journal Published Year Pages File Type
5051206 Ecological Economics 2009 5 Pages PDF
Abstract

We 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.

Keywords
Related Topics
Life Sciences Agricultural and Biological Sciences Ecology, Evolution, Behavior and Systematics
Preview
Constant per capita consumption paths with exhaustible resources and decaying produced capital
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