The number of higher education institutions in Ghana has soared in the last three decades and university enrolments have shot up in tandem. Yet the number of Ghanaians living in poverty is higher than ever before, and social inequality is on the rise. Against this backdrop, this paper critically...

The paper investigates socially optimal patterns of economic growth and environmental quality in a neoclassical growth model with endogenous technological progress. In the model, the environmental quality affects positively not only to utility but also to production. However, cleaner...

The neoclassical growth model is extended to include costly intermediated borrowing and lending between households. This is an important extension as substantial resources are used in intermediating the large amount of borrowing and lending between households. In 2007, in the United States, the...