We construct an endogenous growth model of directed technical change with automation (the introduction of machines … which replace low-skill labor and complement high-skill labor) and horizontal innovation (the introduction of new products … are low, which induces little automation, such that income inequality and labor's share of GDP are constant. Second, as …

sustainability. We show that the dual democratic mechanism – rejection/support rewards (RSRs) for politicians and elections – can … achieve sustainability. RSRs stipulate that incumbents who are not re-elected, but obtain the majority support among young …

finances of its member states. Yet there is no clear definition of sustainability. The economist’s common use of the term …. In this study, we develop a concept of sustainability focusing on the controllability of public finances. In so doing, we … adopt the approach of the Maastricht Treaty, to assume sustainability as long as a country does not violate the double …

the sustainability of the current global imbalances. …

forward a notion of current account sustainability and compares the experience of three Latin American countries – Chile … sustainability indicators and discusses their usefulness in predicting external crises. …

This paper examines the consequences for the sustainability of fiscal policy of imposing restrictive ceilings on …

talk to the Potsdam Global Sustainability Symposium (which drafted the Potsdam Declaration presented to the 2007 UN Climate …