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 ,
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
