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In this paper we investigate the relationship between inequality and the environment in a growing economy from a … political economy perspective. We consider an endogenous growth economy, where growth generates pollution and a deterioration of … the environment. Public expenditures may either be devoted to supporting growth or abating pollution. The decision over …
Persistent link: https://www.econbiz.de/10005570342
We develop an endogenous growth model to study the long run consequences of offshoring with firm heterogeneity and … possibility of offshoring has favorable implications for economic growth. Yet, offshoring induced by a higher bargaining power of … the upstream division can hamper growth: while there is always a positive correlation between upstream bargaining weight …
Persistent link: https://www.econbiz.de/10004987239
elucidate part of the resource curse hypothesis; i.e. the observed negative impact of resource wealth on income growth. We … develop a variation of the Ramsey-Cass-Koopmans model with endogenous growth to explain the phenomenon. In this model … show that an increase in resource income frustrates economic growth in two ways: directly by reducing work effort and …
Persistent link: https://www.econbiz.de/10005230839
, which are one of the keys to the growth process: the economy can be discontinuously innovation-oriented due to the different …
Persistent link: https://www.econbiz.de/10005570325
social preferences in different economic systems. We introduce inequality-averse and inefficiency-averse agents responding to …
Persistent link: https://www.econbiz.de/10009320986
, Patil and Taillie Index, Modified Hill’s Ratio. In economics, diversity measures are multi-faceted ranging from inequality …
Persistent link: https://www.econbiz.de/10005385349
that the influence of environment on optimal growth in the long-run may be explained by the detrimental effect of pollution … on life expectancy. It also shows that, in such a case, greener preferences are growth- and welfare-improving even if the …
Persistent link: https://www.econbiz.de/10005385426
This article investigates the influence of environmental policy on growth assuming that the channel of transmission … (1985) where growth is driven by a mechanism à la Romer (1986). We demonstrate that environmental policy has an ambiguous … effect on growth in the steady-state when the detrimental impact of pollution on health and lifetime is taken into account …
Persistent link: https://www.econbiz.de/10005385436
Data on the growth performances of countries with similar comparative (dis)advantage and political institutions reveal … a striking variation across world regions. While some former autocracies such as the East Asian growth miracles have …
Persistent link: https://www.econbiz.de/10009320995
degradation increases in the early stages of growth, but it eventually decreases as income exceeds a threshold level. The present …
Persistent link: https://www.econbiz.de/10009391480