This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the …

causal effect of human capital on income, net of the innovation channel. …

We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory … values between study and policy contexts, or to up-scale values from study sites to the national scale. Our theory provides …

While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown … empirical evidence has been sparse to put theory into practice. To estimate the relative price change in ecosystem services that …. In an application to natural capital valuation of forest ecosystem services by the World Bank, we show that public forest …

improvements in resource substitutes accelerate resource extraction. Sector-specific innovation activities are tantamount to …