We study the strategic behavior of two countries facing transboundary pollution under a differential game setting. In our model, the reduction of both pollution and CO2 concentration occur through the creation of pollution sinks, rather than through the adoption of cleaner technologies. To our...

The knowledge production function, which has initially been suggested as a mean to measure of technological externalities, is extended here to the spatial dimension. After accounting for spatial autocorrelation, two interesting results are worth noting : 1) distance matters when it comes to...

History has shown that hurricanes can cause catastrophic destruction and impede economic growth in the Caribbean. Nevertheless, there is essentially as of date no comprehensive quantitative risk and anticipated loss assessment for the region. In this paper we use synthetic hurricane tracks and...

The literature on growth theory has pointed to the importance of human capital in order to explain the process of economic development. In the present study, we highlight the role played by cities in fostering human capital accumulation. More particularly, building on a simple urban economics...

We study the relationship between economic development and consumption of natural resources using a vintage capital model. Consumption of natural resources is assumed to generate pollution, part of which will be absorbed by nature's self-regeneration capacity. We find that during the transition...