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A model of growth with living capital

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  • Bosi, Stefano
  • Camacho, Carmen
  • Le Van, Cuong

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.

Suggested Citation

  • Bosi, Stefano & Camacho, Carmen & Le Van, Cuong, 2024. "A model of growth with living capital," Journal of Mathematical Economics, Elsevier, vol. 113(C).
    • Handle: RePEc:eee:mateco:v:113:y:2024:i:c:s0304406824000788
    DOI: 10.1016/j.jmateco.2024.103018
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