Uzawa – Lucas growth model with natural resources
Abstract
This article offers a modification of the Uzawa – Lucas growth model. The model includes natural resources as a factor of production. The necessary and sufficient optimal growth conditions for this model were considered. Growth rates of the main macroeconomic indicators along balanced growth path were derived.
About the Author
D. O. Neustroev
Новосибирский национальный исследовательский государственный университет, Новосибирск
Russian Federation
Russian Federation
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Review
For citations:
Neustroev D.O. Uzawa – Lucas growth model with natural resources. World of Economics and Management. 2012;12(4):5–17. (In Russ.)
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