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In this paper, we study the implications of assuming different technologies for physical capital accumulation and … consumption. More precisely, we assume that physical capital accumulation is relatively more energy-intensive than consumption. We …
Persistent link: https://www.econbiz.de/10005008218
The special functions are intensively used in mathematical physics to solve differential systems. We argue that their use should be most useful in economic dynamics, notably in the assessment of the transition dynamics of endogenous growth models. We illustrate our argument on the Lucas-Uzawa...
Persistent link: https://www.econbiz.de/10005008230