|
|||||
|
|
Optimal control and long-run dynamics for a spatial economic growth model with physical capital accumulation and pollution diffusion |
|
| Authors: | Sebastian Ani?a Vincenzo Capasso Herb Kunze Davide La Torre |
| Institution: | 1. Faculty of Mathematics, “Al.I. Cuza” University of Ia?i, Ia?i, Romania;2. “Octav Mayer” Institute of Mathematics, Ia?i, Romania;3. University of Milan, Department of Mathematics, Milan, Italy;4. University of Guelph, Department of Mathematics and Statistics, Guelph, Ontario, Canada;5. University of Milan, Department of Economics, Management and Quantitative Methods, Milan, Italy |
| Abstract: | In this work we analyze the large-time behavior of a spatially structured economic growth model coupling physical capital accumulation and pollution diffusion. This model extends other results in the literature along different directions. Alongside the classical Cobb–Douglas production function, a convex–concave production function is considered. We add a negative feedback to the production function in order to describe the (negative) influence of pollution on output, and therefore on capital accumulation. We also present an optimal control problem for the above model. |
| Keywords: | Reaction–diffusion systems Integral nonlocal term Large-time behavior Control problems Economic growth Environmental quality Non-concave production function |
| 本文献已被 ScienceDirect 等数据库收录！ | |