Purpose - Considering the continuous rise in the public debt stock of developing countries (particularly Ghana) with the unstable economic growth rate for the past decades and the recent borrowing because of the impact of COVID 19, this paper aims to examine the causal relationships between...

The objective of this study is to determine the nature of household consumption of goods and services and its implications in terms of differences in carbon emissions between developed and developing countries. In this study twelve consumption categories were ranked according to CO2 emission...

Standard growth models predict that consumption and GNP growth rates should not differ among countries when international capital markets are considered. This paper introduces a generational structure which implies that the return on human capital exceeds the return on physical capital in...