We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …

We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …

pension system, where savings are matched by government grants. Accounting for the resulting tax expenditure, our models …

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …

This paper analyzes optimal monetary and fiscal policy in a model where money and savings are essential and asset …