A model of growth with living capital

Stefano Bosi, Carmen Camacho and Cuong Le Van

Journal of Mathematical Economics, 2024, vol. 113, issue C

Abstract: Acknowledging the economic role of knowledge, education, training and health, can preserve and make them thrive without assuming that preferences depend on any of them. In this paper we will define living capital as the aggregate of all these factors, and then, total capital as the sum of physical and living capital.

Keywords: Ramsey model; Physical capital; Living capital; Bounded and unbounded growth; Global analysis (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:113:y:2024:i:c:s0304406824000788

DOI: 10.1016/j.jmateco.2024.103018

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