have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect … on income implies a welfare gain. There is a growth effect stemming from a composition effect. However, the authors show … period 1970-90. They extend the usual specifications for economic growth regressions by incorporating an interaction term …

We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas … states: one stagnant where energy is fully derived from the alternative energy source, and one with balanced growth where …

physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …

pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical …