This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional variations in the adoption of steam engines across France, the study establishes that in contrast to conventional wisdom that views early industrialization as a predominantly...

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...

Chapter 1: Editors’ Introduction -- Part I: Expert Overviews -- Chapter 2: Developing Meaningful Composite Environmental Indices with DEA -- Chapter 3: Modelling the Generation of Pollutants in Environmental Economics -- Chapter 4: Environmental Productivity Growth in Consumer Durables -- Part...

1. Innovation in ASEAN countries -- 2. The Transformation of Embedded Means into Resources During Community-Based Venture Creation -- 3. Entrepreneurial Innovation Strategy in the Midst of Pandemic: A Case of Bersih Solution -- 4. Evolution of Entrepreneurship Development among Different...

We study the role of endogenous healthcare choices by households to extend their expected lifetimes on economic growth and welfare in a decentralized overlapping generations economy with the realistic feature that households' savings are held in annuities. We characterize healthcare spending in...

We study the capacity to meet food demand under conditions of climate change, economic and population growth. We take a novel approach to quantifying climate impacts, based on a model of the global economy structurally estimated on the period 1960 to 2015. The model integrates several features...

Chapter 1. The Impact of Tourism and Renewable Energy Use over Economic Growth in Top 10 Tourism Destinations -- Chapter 2. The Possible Influence of the Tourism Sector on Climate Change in The US. Chapter 3. Tourism Sector and Environmental Quality: Evidence from Top 20 Tourist Destinations --...

This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a...