Environmental pollution is among the main problems threatening a global sustainable future, and strongly intertwined with the unprecedented rise in economic prosperity since the industrial revolution. The first three chapters deal with two questions: The first question is: Does economic growth,...

This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...

This paper provides compelling evidence that equity market liberalization, as the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality by promoting increased human capital accumulation. The authors examine...