Values of Land and Renewable Resources in a Three-Sector Economic Growth Model
This paper studies dynamic interdependence of capital, land and resource values in a three sector growth model with endogenous wealth and renewable resources. The model is based on the neoclassical growth theory, Ricardian theory and growth theory with renewable resources. The household’s decision i...
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| Format: | Article |
| Language: | English |
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Sciendo
2015-04-01
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| Series: | Studies in Business and Economics |
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| Online Access: | https://doi.org/10.1515/sbe-2015-0015 |