among European regions works through physical rather than human capital externalities …

simple model with learning externalities that generates this kind of behavior. I follow Lucas (1998) and solve the …

cannot buy happiness? I argue that the solution to this 'paradox of happiness' can be provided by including in the theory a … tertium movens of growth: negative externalities. These externalities can be of two kinds. The first are positional … externalities, i.e. those due the fact that individuals may be interested in relative not absolute position. The second kind of …

implications of different assumptions about the degree to which global externalities are internalized are analyzed. Subsequently …

rearing. Growth dynamics depend in important ways on the externalities associated with knowledge and health. Depending on the … strength of these externalities, increases in government spending on education or health (financed by a cut in unproductive …