Showing 1 - 10 of 15
This contribution provides evidence for the hypothesis that trade increases growth through its curbing effect on capital taxes. The analysed mechanism includes two different steps and considers the critical points of both the theoretical and empirical studies in this field. In particular, the...
Persistent link: https://www.econbiz.de/10001772521
We analyze an economy in which sectors are heterogeneous with respect to the intensity of natural resource use. Long-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path and determine stability conditions. Technical...
Persistent link: https://www.econbiz.de/10008746684
Persistent link: https://www.econbiz.de/10003288441
Since Sachs and Warner's (1995a) contribution, there has been a lively debate on the so-called natural resource curse. This paper re-examines the effects of natural resource abundance on economic growth using new measures of resource endowment and considering the role of institutional quality....
Persistent link: https://www.econbiz.de/10003348294
Persistent link: https://www.econbiz.de/10003761394
We analyze an economy in which sectors are heterogeneous with respect to the intensity of natural resource use. Long-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path and determine stability conditions. Technical...
Persistent link: https://www.econbiz.de/10003762230
We critically evaluate the empirical basis for the so-called resource curse and find that, despite the topic’s popularity in economics and political science research, this apparent paradox is a red herring. The most commonly used measure of ‘resource abundance’ can be more usefully...
Persistent link: https://www.econbiz.de/10003459205
Persistent link: https://www.econbiz.de/10003214374
We derive the optimal contributions to global climate policy when countries differ with respect to income level and pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical progress. We show that country heterogeneity has a...
Persistent link: https://www.econbiz.de/10011920831
Persistent link: https://www.econbiz.de/10011747864