Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG...

Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG...

We examine human capital's contribution to economy-wide technological progress through two channels { im- itation and innovation} innovation being more skilled-intensive than innovation. We develop a growth model considering an endogenous ability-driven skill acquisition decision of an...

Climate change is having adverse implications for agriculture yields in India, especially in the agriculture-dependent economy of the state of Bihar. The agricultural productivity in Bihar is one of the lowest in the country. Bihar is also less resilient to climate change, deeming it necessary...

Climate change is having adverse implications for agriculture yields in India, especially in the agriculture-dependent economy of the state of Bihar. The agricultural productivity in Bihar is one of the lowest in the country. Bihar is also less resilient to climate change, deeming it necessary...

The paper utilizes a model of endogenous growth with vertical innovation (´a la Aghion-Howitt) to examine how the inclusion of a production related pollution externality affects the prospect for long-run growth of a closed economy. It is derived that the social optimum exhibits the...