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An externality exists whenever a transaction creates a cost or a benefit for a party not directly involved. Pollution …-classicals are concerned about efficiency and they propose some forms of government intervention in order to alleviate pollution …: taxes and tradable permits. Austrians seek to remove interpersonal conflict related to pollution and show that although …
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Economic development is a complex phenomenon, at least when speaking about understanding its real sources, despite the simplifying tendencies of economic growth neoclassical theories. These orthodox theories limit themselves to identifying the necessary conditions - such as capital accumulation...
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This paper focuses on the role of institutions in enhancing economic growth. Attention to the institutional environment has become increasingly common in economic history and it has deeply enriched our understanding of how economies develop through time. Economic development is no longer...
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of pollution is directly related with cancer mortality. And one of the most common causes for cancer, especially for …
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the urban areas’ environmental regulations, is due to generate uncontrollable pollution centers, placed just nearby towns …
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