The World Development Indicators (WDI) database provides historical trends of the Genuine Savings (GS) indicator, going back more than 40 years for about 200 countries. The indicator accounts for subsoil mineral depletion and global warming as environmental degradation. The major shortcoming of...

This paper investigates the effects of a change in environmental abatement technology on the accumulation of capital stock and on the global environment in a two-country overlapping-generations model. Among other issues, we focus on a situation where abatement improves in only one country. With...