Sustainable use of natural resources becomes an important issue today not only due to global warming and pollution issues but also because of critical pressure on the Earth's regeneration possibility. We cannot use classical microeconomic approach here for two reasons: a) impossibility to create...

This paper develops an OLG model with endogenous fertility and education decisions to analyze the impact of transportation infrastructure on economic growth. The study argues that there is an optimal distribution of infrastructure in the region to boost the transition of an economy from economic...

We explore the relation between historical population density in former colonies and modern income distribution. A theoretical model highlights the potentially opposing effects of native population density on incentives for colonists to conquer or settle in new territories. While an abundant...