Introduction / G. Venkat Raman and Rajan Kumar -- Liberal international order and the evolution of BRICS / Bappaditya Mukherjee -- Evolution of BRICS : history and politics / Ajay Patnaik -- BRICS in blues : potentialities of the maritime world : lessons from the history of money, metallism &...

The article utilises a model of endogenous growth with vertical innovation (á 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...

Purpose – The purpose of the paper is to examine the interdependencies between trade and environment policies, as they get jointly determined in a political‐economy model of a small open economy. In theoretical literature, government is usually modeled as benevolent. In real economies,...

We examine human capital's contribution to economy-wide technological progress through two channels – imitation and innovation – innovation being more skill-intensive than imitation. We develop a growth model based on the endogenous ability-driven skill acquisition decision of an individual....