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We analyze the adoption of green technology in a dynamic economy affected by random shocks where demand spillovers are the main driver of technological improvements. Firms' beliefs and consumers' anticipations drive the path of the economy. We derive the optimal policy of investment subsidy and...
Persistent link: https://www.econbiz.de/10011657885
Inclusive growth, narrowly defined in this paper as growth that helps reduce inequality, is achieved if consumption of …
Persistent link: https://www.econbiz.de/10012836529
undermining potential growth. This paper examines the impact of structural reforms in the energy sector (electricity and gas) on … enviromental outcomes and green growth indicators in a panel of 25 advanced economies during the period 1970-2020. We obtain …-friendly energy reforms leading to better environmental outcomes and green growth in countries with stronger environmental regulations …
Persistent link: https://www.econbiz.de/10014347580
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth … heterogeneous agents and entrepreneurial innovations in which any form of scale effect is absent. A higher population growth rate … has a negligible, possibly negative effect on the long-run growth rate of per capita income. Long-run growth is sustained …
Persistent link: https://www.econbiz.de/10013316550
R growth theory suggests that a larger population size raises either the long-run rate of economic growth ("strong … heterogeneous agents and entrepreneurial innovations in which any form of scale effect is absent. A higher population growth rate … has a negligible, possibly negative effect on the long-run growth rate of per capita income. Long-run growth is sustained …
Persistent link: https://www.econbiz.de/10013325302
confirms that trade and investment liberalization are essential drivers of economic development. The economic growth and trade … investment liberalization also contribute positively to reducing inequality and undernourishment. However, the CGE analysis shows … that liberalization policies increase CO2 emissions at the regional level. Importantly, economic growth in Asia and the …
Persistent link: https://www.econbiz.de/10011773529
power. The challenge is how to make the rising demand for economic growth, mainly coming from developing and emerging …
Persistent link: https://www.econbiz.de/10010223439
Population growth has two potentially counteracting effects on pollution emissions:(i) more people implies more … the presence of these two effects. A growth model featuring both directed technical change and population growth is … results indicate that population growth is a burden on the environment, even when all research efforts are directed toward non …
Persistent link: https://www.econbiz.de/10012859107
Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic … headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the government-led unbalanced … growth model-which served Korea well in the past-has become less effective and politically palatable in recent years. As such …
Persistent link: https://www.econbiz.de/10012924258
The research aims to demonstrate the impact of borrowing costs on economic growth rates, and achieving sustainable … relationship between (borrowing and economic growth rates of the country, borrowing costs, and sustainable development) …
Persistent link: https://www.econbiz.de/10014357669