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This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10009365645
environment only because its degradation affects the industry's economic performance. The environment does not enter directly …
Persistent link: https://www.econbiz.de/10005789196
International agreements to protect the global environment are typically difficult to reach. In principle they should … unstable due to the incentive to free-ride (enjoying the clean environment provided by others' emission reduction without …
Persistent link: https://www.econbiz.de/10005792083
African societies exported more slaves in colder years. Lower temperatures reduced mortality and raised agricultural yields, lowering slave supply costs. Our results help explain African participation in the slave trade, which predicts adverse outcomes today. We use an annual panel of African...
Persistent link: https://www.econbiz.de/10011084022