J4 ›› 2010, Vol. 45 ›› Issue (12): 122-126.

• Articles • Previous Articles    

Endogenous economic growth model based on innovation under the restraints of resources and environment

GUO Zhong-jin1,2,  MA Xiao-yan1, ZHANG Wei1   

  1. 1. College of Mathematics, University of Taishan, Taian 271021, Shandong, China;
    2. Department of Building and Construction, City University of Hong Kong, Hong Kong
  • Received:2010-03-18 Online:2010-12-16 Published:2011-03-16

Abstract:

A utility function containing consumption and quality factor of an ecological environment is defined, an endogenous economic growth model is established, the balanced growth rates of this model is obtained, and the affect of R & D innovation to economic growth under the restraints of resources and environment is also discussed.

Key words: R & D innovation; resources and environment; Hamilton function; endogenous economic growth

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