Journal ArticleDOI
The mathematical theory of saving
Reads0
Chats0
TLDR
JSTOR transmission may be copied, downloaded,stored, further transmitted, transferred, distributed, altered, or otherwise used, in any form or by any means, except: (1) one stored electronic and one paper copy of any article solely for personal, non-commercial use, or (2) with prior written permission of JSTOR and the publisher of the article or other text.Abstract:
Youruse of the JSTOR database indicates your acceptance of JSTOR’s Termsand Conditions of Use. A copy of JSTOR’s Terms and Conditions of Useis available at http://www.jstor.ac.uk/about/terms.html, by contacting JSTORatjstor@midas.ac.uk, or by calling JSTOR at 0161 275 7919 or (FAX) 0161 275 6040. Nopart ofaSTOR transmission may be copied, downloaded,stored, further transmitted, transferred, distributed, altered, or otherwise used, in any form or by any means, except: (1) one stored electronic and one paper copy ofanyarticle solely for your personal, non-commercial use, or (2) with prior written permission of JSTOR andthe publisher of the article or other text.read more
Citations
More filters
Journal ArticleDOI
Testing the Neoclassical Theory of Economic Growth; A Panel Data Approach
TL;DR: The authors employed a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine the quantitative importance for economic growth of both country-specific and timevarying factors such as human capital, public investment, and outward-oriented trade policies.
Journal ArticleDOI
A Comparative Study of Energy Saving Technical Progress in a Vintage Capital Model
TL;DR: In this article, the authors analyzed the effectiveness of energy saving technologies to reduce the trade-off between economic growth and energy preservation and showed that positive growth is only possible if the growth rate of the energy saving technical progress exceeds the decreasing rate of energy supply.
Journal ArticleDOI
Optimal Growth when Tastes are Inherited
TL;DR: In this paper, the authors address the issue of optimal growth when standard-of-living aspirations are transmitted from one generation to the next and derive the condition for the optimal solution to be stable in the saddle-point sense and show that this optimal solution may display damped oscillations even when the planner does not discount the utility of future generations.
Journal ArticleDOI
Estimating a social cost of carbon for global energy consumption
Ashwin Rode,Tamma Carleton,Tamma Carleton,Michael S. Delgado,Michael Greenstone,Michael Greenstone,Trevor Houser,Solomon Hsiang,Solomon Hsiang,Andrew Hultgren,Amir Jina,Amir Jina,Robert E. Kopp,Kelly E. McCusker,Ishan Nath,James Rising,Jiacan Yuan +16 more
TL;DR: In this article, the authors show that the release of one ton of CO2 today is projected to reduce total future energy expenditures, with most estimates valued between −US$3 and − US$1, depending on discount rates.
Journal ArticleDOI
Life cycle welfare: evidence and conjecture
TL;DR: This paper found that at a point in time subjective well-being is positively related to income; over the life course subjective wellbeing is constant despite substantial growth in income, and this paradox is explained by new evidence on consumption aspirations.