Showing 1 - 10 of 11,446
This paper reviews both theory and empirical work on economic growth and the environment. We develop four simple growth …
Persistent link: https://www.econbiz.de/10012467835
We develop and quantify a novel growth theory in which economic activity endogenously shifts from material production … environmental intensity, providing an endogenous path to degrowth in material output without compromising economic progress. Policy …
Persistent link: https://www.econbiz.de/10015421878
-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries benefit and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …
Persistent link: https://www.econbiz.de/10012460215
Using data assembled by the Global Environmental Monitoring System we examine the reduced-form relationship between various environmental indicators and the level of a country's per capita income. Our study covers four types of indicators: concentrations of urban air pollution; measures of the...
Persistent link: https://www.econbiz.de/10012474270
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10012461838
over the past century, stagnates at a plateau as the U.S. sinks lower in the world league tables of high school and college …
Persistent link: https://www.econbiz.de/10012458768
Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity (TFP) persist even in the long run due to differences...
Persistent link: https://www.econbiz.de/10012470002
Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in richer places. The Kuznets curve-whereby inequality first...
Persistent link: https://www.econbiz.de/10012471762
This paper successfully tests on a sample of 70 countries for the period 1960-85 the following hypotheses. Income inequality, by fueling social discontent, increases socio-political instability. The latter, by creating uncertainty in the politico-economic environment, reduces investment. As a...
Persistent link: https://www.econbiz.de/10012474459
This paper argues that the versions of both permanent income and life-cycle theories which have recently become fashionable are inconsistent with the grossest features of cross-country and cross-section data on consumption and income. There is clear evidence that consumption and income growth...
Persistent link: https://www.econbiz.de/10012475955