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This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10009365645
In many markets governments set minimum quality standards while some sellers choose to compete on the basis of quality by exceeding them. Such ‘high-quality’ strategies often win public acclaim, especially when ‘environmental friendliness’ is the dimension along which firms are...
Persistent link: https://www.econbiz.de/10005656312
Persistent link: https://www.econbiz.de/10001302520
In order to study the costs/benefits of a monetary union between Germany and France, we attempt to go beyond a mere …, Germany would lose from any French participation in the setting of domestic monetary policy. By contrast, however, France …
Persistent link: https://www.econbiz.de/10005123945