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Do intermediate goods help explain relative and aggregate productivity differences across countries? Three observations … depresses aggregate productivity and increases the price ratio of final goods to services. Applying the model to data for middle … intermediate production efficiency of the US, the aggregate productivity gap between the lowest and highest income countries in the …
Persistent link: https://www.econbiz.de/10009421237
Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good 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...
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
(unskilled) labor in the economy. Thus, given that environmental degradation reduces labor productivity of the rural poor, it may …
Persistent link: https://www.econbiz.de/10005230914
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates...
Persistent link: https://www.econbiz.de/10008489588
We investigate the relationship between diversity and productivity in Europe using an original dataset covering the … the dominant effect. Based on this methodology, we find that diversity is positively correlated with productivity …
Persistent link: https://www.econbiz.de/10004987242
In this paper we try to build a bridge between the traditional analysis of the evolution of tourism destinations and economic growth theory. With such an aim we develop an environmental growth model for an economy specialized in tourism and we derive the pattern of tourism development with...
Persistent link: https://www.econbiz.de/10005385487
This paper shows in an empirical context that substantial cost reductions can be achieved in the implementation of Dutch national climate policy by (i) targeting the policy at the stock of greenhouse gases, thus allowing polluters flexibility in their timing of emission reductions; and (ii)...
Persistent link: https://www.econbiz.de/10005423170
We develop a dynamic model to analyze the sources and the evolution of social participation and social capital in a growing economy characterized by exogenous technical progress. Starting from the assumption that the well-being of agents basically depends on material and relational goods, we...
Persistent link: https://www.econbiz.de/10008642149
In this paper we study the problem of exhaustible resources and renewable resources in a theoretical endogenous growth framework, under various assumptions. In particular, we consider the hypotheses that those two inputs are or are not technologically perfect substitutes of each other. Moreover,...
Persistent link: https://www.econbiz.de/10005392545