Several theories of externalities and asymmetric information suggest a positive role for government programs to assist credit markets, though potential distortions by special interests carry attendant dangers. We examine the empirical association between funding by several federal government...

International diffusion of energy-saving technologies has received considerable attention in recent energy and climate economics studies. As a helpful methodological complement to the existing large-scale CGE/IAMÐbased modelling for energy and climate policy studies, this paper contributes to a...

This study utilizes data for 144 countries from 1991-2010 to present the first international estimates of the gasoline price elasticity of road fatalities. We instrument each country's gasoline price with that country's oil reserves and the yearly international crude oil price to address...

The evolution of motorcycle ownership is a crucial issue for road safety, as motorcyclists are highly vulnerable road users. Analyzing a panel of 153 countries for the period 1963-2010, we document a motorcycle Kuznets curve which sees motorcycle dependence increase and then decrease as...

This paper examines the development of manufacturing in East Java in comparison with other major industrial provinces in Indonesia, with a focus on employment, output and investment in the pre-and-post crisis periods. East Java's 'winner' and 'loser' industries and the geographical distribution...

Theoretical studies suggest that corruption may counteract government failure and promote economic growth in the short run, given exogenously determined sub optimal bureaucratic rules and regulations. As the government failure is itself a function of corruption, however, corruption should have...

This paper investigates the relationship between tariff and growth in the Australian economy over the period from 1871 to 2002. The study is motivated by the debate on the apparent 'tariff-growth paradox', a sign switch in the link between tariff rate and growth between the first and second...

Thailand’s impressive long-term rate of economic growth has resulted mainly from accumulation of physical capital. Significant total factor productivity growth can be identified at an aggregate level, explaining as much as one third of the aggregate growth of output. But this TFP growth was...

We estimate the steady state growth rate for the Nordic countries using a “knowledge economy” approach. An endogenous growth framework is employed, in which total factor productivity is a function of human capital (measured by average years of education), trade openness, research and...

In this paper, we show that consumption externalities are a source of equilibrium indeterminacy in a growth model with endogenous labor supply. In particular, when the marginal rate of substitution between own consumption and the others' consumption is constant along the equilibrium path, the...