China's rapid economic growth is facilitating massive increases in its military spending and causing increased security concerns in Asia and the Western pacific. But there is uncertainty over how large China's military spending is relative to other countries, or how fast it is growing in real...

The existing literature on Indian growth finds no evidence of convergence across states. This represents a puzzle given the relatively free flows of capital, labor and commodities across state borders. A new data set of district level income and socio-economic data is used to explore the...

I evaluate the effectiveness of eco-labeling programs that are designed to mitigate transboundary environmental problems. A simple two-country model is considered, where consumers in each country value a common environmental resource. It is shown that, in equilibrium, the level of damage is...

We consider the impact of the recent trend in immigration policies towards selecting migrants on the basis of skills. The analysis uses an inter-temporal general equilibrium model with endogenous skill formation. The model is calibrated to a steady state benchmark that represents Australia in...

Purpose – The purpose of this paper is to provide a quantitative assessment of the factors contributing to India's growth acceleration since 1970, based on the neoclassical growth model. Design/methodology/approach – A feature of neoclassical growth models is that capital accumulation is...