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option? To answer this question, we have compared the relative growth performance of 14 “tourism countries” within a sample … of 143 countries, observed during the period 1980-95. Using standard OLS cross-country growth regressions, we have … other words, the positive performance of the tourism countries is not significantly accounted for by the traditional growth …
Persistent link: https://www.econbiz.de/10005423168
In the current age of trade and financial openness, local economies in developing countries are becoming increasingly exposed to external investments. The objective of the proposed two-sector model with environmental externalities is to provide an insight into the interaction between external...
Persistent link: https://www.econbiz.de/10008674328
Vulnerability to scarcity or to reduction of natural capital depends on defensive substitution possibilities that, in turn, are affected by the availability of other productive factors. However, in several developing countries asset distribution tends to be highly skewed. Taking into ac- count...
Persistent link: https://www.econbiz.de/10005230914
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
material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R …&D-based endogenous growth model with exhaustible natural resources, labour, knowledge, and physical capital as inputs, the present paper … addresses this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms …
Persistent link: https://www.econbiz.de/10005230919
diffuses spatially across locations. The result is an endogenous growth theory that can shed light on the link between the …
Persistent link: https://www.econbiz.de/10008540415
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 …, the less she will tax and devote resources to the environment, preferring to support growth. …
Persistent link: https://www.econbiz.de/10005570342
endogenous growth based on human capital accumulation is used to numerically simulate the growth effects of different … environmental tax to reduce wage tax and increase the proportion of public spending within GDP, enhances both growth and welfare in …
Persistent link: https://www.econbiz.de/10010904908
This paper looks at the interplay between human capital and innovation in the presence of climate and educational policies. Using recent empirical estimates, human capital and general purpose R&D are introduced in an integrated assessment model that has been extensively applied to study climate...
Persistent link: https://www.econbiz.de/10010904922
Given disparate beliefs about economic growth, technical change and damage caused by climate change, this paper starts …
Persistent link: https://www.econbiz.de/10010904931