La Productividad Total de los Factores (PTF) representa una proporción importante de las diferencias de crecimiento económico entre países. Con el objetivo de entender las fuentes estas diferencias dos cuestiones son de vital importancia: por un lado, el crecimiento de la PTF es difícil de...

The relationship between growth and pollution is studied through a vintage capital model, where new technology is more environmentally friendly. We find that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in...

We study how the import of older and more polluting technologies alters the relationship between output and environmental quality in developing countries within a vintage capital framework. Our results show that old technologies prolong the period until which pollution may eventually decrease...