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The Global Environment, Natural Resources, and Economic Growth$
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Alfred Greiner and Willi Semmler

Print publication date: 2008

Print ISBN-13: 9780195328233

Published to Oxford Scholarship Online: September 2008

DOI: 10.1093/acprof:oso/9780195328233.001.0001

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The AK Endogenous Growth Model

The AK Endogenous Growth Model

Chapter:
(p.71) 10 The AK Endogenous Growth Model
Source:
The Global Environment, Natural Resources, and Economic Growth
Author(s):

Alfred Greiner (Contributor Webpage)

Willi Semmler (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195328233.003.0011

This chapter presents a special form of the growth model by assuming that physical capital and the stock of knowledge can be summarized in one variable. This gives the so-called AK model of endogenous growth. The second-best abatement share as well as the socially optimal value for the investment share and the abatement share is computed assuming a logarithmic utility function.

Keywords:   economic model, global warming, pollution abatement, physical capital, stock of knowledge, AK model

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