The Uzawa-Lucas Growth Model with Natural Resources

This article offers the modification of the Uzawa-Lucas growth model. The model also includes natural resources as a factor of production. The necessary and sufficient conditions for this model are considered. Growth rates of the main macroeconomic indicators along balanced growth path are obtained. The analysis of influence of natural resources on economic growth along balanced growth path is considered.

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Year of publication:	2013
Authors:	Neustroev, Dmitry
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Uzawa-Lucas model \| human capital \| natural resources

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011110798