and bad growth prospects, and that these adverse effects are more severe in volatile countries with bad institutions and …

This paper presents a two-sector green endogenous growth model to explore a mechanism that explains why carbon … gives the economic means to enhance clean capital accumulation and sustain endogenous growth. Both carbon-intensive and … carbon-free capital may thus be needed for an efficient transition to green growth. …

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is … lower (higher) and the SCC higher (lower) than along an inequality-neutral growth path, especially if intra-generational and …A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and …

This paper searches for a general equilibrium model of optimal growth and endogenous fiscal policy with the aim of …

Democratic countries with substantial inequality and where people believe that success depends on connections and luck …

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … growth and unbundling spatial lags matters. Robustness is verified by re-estimating our regressions with fixed effects and …

corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource … exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World … longer significant. However, the same evidence suggests that resource exports or rents boost growth in stable countries, but …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence … the black box and conditioning the variance of growth shocks on several country characteristics. Natural resource …

In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a … dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties … economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …