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A simple new classical growth model is developed to analyze the relationship between economic growth and environmental pollution, which proves the existence of the sustained growth path. This model is then endogenized to study the interaction among environmental pollution, human capital and economic growth in the long run. The similar growth path is shown and potent influences of different variables...
Aghion and Howitt have respectively discussed the models of introducing the restraints of environment pollution and nonrenewable resources under the framework of Vertical Product Innovation. In this article, the authors try to introduce both the restraints of environment pollution and nonrenewable resources into Vertical Product Innovation model simultaneously. The basic conclusions of the model in...
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