In the postwar period until today the call for more intensive economic growth, again and again, enjoyed a substantial popularity in the world of politics, in particular with reference to possible current solutions of given economic problems. Here growth considerations and decisions in the past...

This paper focuses on how emission tax revenues change relative to GNP, when a fixed environmental standard is implemented by an emission tax and when waste abatement, technical and structural change and capital accumulation is accounted for. One- and two-sector growth models are analyzed...

Growth models often give rise to saddle-point stable dynamic systems with multi-dimensional stable manifolds. It is argued that standard solution procedures used to numerically approximate the transition process are generally inadequate when the (stable) eigenvalues differ substantially in...

In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional (NUTS-2) data. The Solow model extended by human capital is employed as a workhorse. Alternative strategies are proposed to control for spatial effects. All specifications...

Efficient capital accumulation paths of an expanding multi-sector economy are known to display catenary behavior around a von Neumann saddle-point turnpike if the economy's production possibilities set is a time-free convex cone. We prove that this result generalizes to the case of a...