The Dynamic Behaviour of an Endogenous Growth Model With Public Capital and Pollution

Greiner, Alfred

doi:10.2139/ssrn.434020

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The Dynamic Behaviour of an Endogenous Growth Model With Public Capital and Pollution

Alfred Greiner

Bielefeld University - Department of Business Administration and Economics

June 3, 2003

Abstract:
In this paper we present an endogenous growth model with productive public capital and pollution. As to pollution we assume that it is a by-product of aggregate production and that it negatively affects utility of the household but not production possibilities directly. The paper studies the dynamics of the model and demonstrates that there exists either a unique balanced growth path which is a saddle point or there exist two balanced growth paths with one being locally saddle point stable and one being asymptotically stable.

Number of Pages in PDF File: 11

Keywords: Endogenous Growth, Public Capital, Environmental Pollution, Dynamics

JEL Classification: C62, O41, Q20

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Date posted: September 12, 2003 ; Last revised: December 30, 2012

Suggested Citation

Greiner, Alfred, The Dynamic Behaviour of an Endogenous Growth Model With Public Capital and Pollution (June 3, 2003). Available at SSRN: http://ssrn.com/abstract=434020 or http://dx.doi.org/10.2139/ssrn.434020

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Alfred Greiner (Contact Author)

Bielefeld University - Department of Business Administration and Economics ( email )

P.O. Box 100131
Bielefeld, 33501
Germany
+49 521 106 4859 (Phone)
+49 521 106 67120 (Fax)

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