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New macro empirical evidence is provided to assess the relative importance of object and idea gaps in explaining the world income distribution dynamics over a benchmark period 1960-1985. Results are then extended through 1995. Formal statistical hypothesis tests allow us to discriminate between...
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energy productivity growth. We draw on the Solow growth model to build a benchmark exogenous framework to explore the basic … growth rates of energy productivity are the same across countries in the balanced growth path equilibrium, but the cross … levels of energy productivity. The economy that has a stronger capacity of assimilating foreign technology diffusion and …
Persistent link: https://www.econbiz.de/10010344238
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...
Persistent link: https://www.econbiz.de/10008840029
Whether China continues its current energy-intensive growth path or adopts a sustainable development prospect has significant implication for energy and climate governance. Building on a Ramsey-Cass-Koopmans growth model incorporating the mechanism of endogenous technological change and its...
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