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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 Basic Economic Model

The Basic Economic Model

Chapter:
(p.10) 2 The Basic Economic 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/9780195328233.003.0003

This chapter presents a simple variant of an economic model with environmental pollution and productive public capital. It considers a decentralized economy with a household sector, a productive sector, and the government. This model is analyzed assuming a logarithmic utility function.

Keywords:   household sector, productive sector, government, equilibrium, balanced growth

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