On the Optimal Control of Pollution in a Human Capital Growth Model
To capture the impact of pollution on economic growth, we compute the optimal policy in a continuous-time endogenous growth model à la Lucas (1988).
To capture the impact of pollution on economic growth, we compute the optimal policy in a continuous-time endogenous growth model à la Lucas (1988).
This paper develops a continuous time model of endogenous growth based on innovations in consumption goods.