Dynamic Systems in Growth Models -- On Adequate Transversality Conditions for Infinite Horizon Optimal Control Problems—A Famous Example of Halkin -- Sequential Precision of Predictions in Models of Economic Growth -- High Order Precision Estimates in Algorithms for Solving Problems of Economic Growth -- Growth and Environment -- Growth and Climate Change: Threshold and Multiple Equilibria -- Optimal Economic Growth Under Stochastic Environmental Impact: Sensitivity Analysis -- Optimal Economic Growth with a Random Environmental Shock -- Growth and Environmental Policy -- Prices Versus Quantities in a Vintage Capital Model -- International Emission Policy with Lobbying and Technological Change -- The Role of Product Differentiation in the Producer-targeted Promotion of Renewable Energy Technologies -- Dynamic Oligopoly with Capital Accumulation and Environmental Externality -- On a Decentralized Boundedly Rational Emission Reduction Strategy -- Applications -- Environmental Mortality and Long-Run Growth -- Development of Transportation Infrastructure in the Context of Economic Growth.

The book focuses on the sustainability of economic growth in a changing environment, under the effects of global warming, dwindling energy resources, and technological change. It also provides explanations for significant fluctuations in countries’ growth rates. The results are derived from historical evidence on economic growth in relation to environmental policy, technological change, development of transport infrastructure, population issues, and environmental mortality. The rigorous analysis of theoretical and applied aspects reveals important policy implications for optimal investment, optimal timing of abatement activities, and for an optimal balancing of economic growth with environmental concerns.