Over 250,000 farmers have committed suicide in India since the mid-1990s. Studies – both case studies of states and at the individual-level - attribute these deaths to credit crunches in the agrarian sector and increased debt burden among farmers. Most of the farm suicides have, however, taken...

El desarrollismo ha sido, dentro de la estrategia de sustitución de importaciones de América Latina, una estrategia “especial”, o diferente, sobre todo en Brasil y la Argentina. En Brasil, bajo la forma de desarrollismo nacional, se extendió hasta los años ’90; se puede afirmar que en...

The debate on the "curse of natural resources" is a topical issue in empirical research on;economic development. This paper examines the relationship between natural resources and growth rates in a cross-section of countries, by separately analyzing abundance of resources and dependence on...

Using an extension of Lucas¡¯ model of endogenous growth with education externality, we show that an environmental tax may increase growth. This is because the tax makes physical capital accumulation less attractive, thereby correcting for the underinvestment by agents in human capital.

This article is inspired by a public debate on the necessity to improve the rules for a competition in a certain area, e.g. the market for agricultural products. The emphasis put on the key role of a branch within a whole economy, as a starting point in rethinking the regulation of competition,...

This paper analyzes the relationship between renewable and non-renewable energy consumption and economic growth for a panel of fifteen European Union countries over the period 1990-2011 within a multivariate framework. The heterogeneous panel cointegration tests present a long-run equilibrium...

En las últimas décadas, una de las hipótesis más estudiadas en economía es la que involucra el concepto de la maldición de los recursos naturales. De acuerdo con ello, la abundancia de recursos naturales provoca que los países tengan bajas tasas de crecimiento. En este trabajo, se analiza...

The paper examines the influence of resource wealth on the nature of economic development of Kazakhstan. Despite active economic dynamics in the 2000s, the effect of resource abundance has a negative impact on the quality characteristics of modern economic growth in the country. Kazakhstan is...

The paper examines long-term strategies of capital modernization under different assumptions about embodied technological change, energy regulation, and substitutability between energy and capital. To describe modernization of physical capital, the authors use a vintage capital model with the...

The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a...