Title of article
Constant per capita consumption paths with exhaustible resources and decaying produced capital
Author/Authors
Cheviakov، نويسنده , , Alexei F. and Hartwick، نويسنده , , John، نويسنده ,
Pages
5
From page
2969
To page
2973
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
Technical progress and radio-active decay in produced capital , Exhaustible resource , intertemporal equity , Population increase
Journal title
Astroparticle Physics
Record number
1940611
Link To Document