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elucidate part of the resource curse hypothesis; i.e. the observed negative impact of resource wealth on income growth. We … develop a variation of the Ramsey-Cass-Koopmans model with endogenous growth to explain the phenomenon. In this model … show that an increase in resource income frustrates economic growth in two ways: directly by reducing work effort and …
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The "resource curse" is a potential threat to all countries relying on export income from abundant natural resources such as fossil fuels. The early literature hypothesized that easily accessible natural resources would lead to lack of technological progress. In this article we instead propose...
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We study economic growth and pollution control in a model with endogenous rate and direction of technical change …. Economic growth (growth of real GDP) results from growth in the quantity and productivity of polluting intermediates. Pollution … the environment, long-run growth and the direction of technical change. …
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"This book examines the economic and political aspects of green trading and energy use from a global perspective. It also highlights the issues related to carbon trading, carbon credit, diplomatic conflicts in implementing environmental policies, energy use and energy efficiency, and the impact...
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