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environmental quality until the moment that pollution is great enough to make profitable the investment in R&D. After this turning … environmental quality. The result is that the optimal investment pattern supports an environmental Kuznets curve. -- Neoclassical …
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capital investment and incentives of capital stock accumulation rather than R&D-related innovation. Accumulation of energy … on investment in physical capital and R&D simultaneously, and make a transition into the innovation-led BGP along which … consumption, capital investment, and R&D have a balanced share. Also in this innovation-led BGP, consumption, physical capital …
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world income distribution dynamics over a benchmark period 1960-1985. Results are then extended through 1995. Formal …
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This paper explores the qualitative and quantitative implications of optimal taxation in a developing economy when economic growth is endogenously determined. We differentiate this class of economies from a developed economy in two aspects: informal sector is quantitatively significant and...
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Europe will be challenged by demographic changes over the next few decades, even under favourable assumptions about fertility and migration, but the economic effects are not yet fully understood. This paper studies the effects of population ageing on economic growth, capital deepening and...
Persistent link: https://www.econbiz.de/10013417455
This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where the domestic interest rate depends on the level of...
Persistent link: https://www.econbiz.de/10011289284