Since its first inception in the debate on the relationship between environment and growth in 1992, the Environmental Kuznets Curve has been subject to continuous and intense scrutiny. The literature can be roughly divided in two historical phases. Initially, after the seminal contributions,...

One of the recurring themes in the sustainability literature has been the legitimacy of using an economic framework to account for natural resources. This paper examines the potential for substituting between different inputs in the generation of income, where the inputs include natural...

Quantitative models for climate policy modeling differ in the production structure used and in the sizes of the elasticities of substitution. The empirical foundation for both is generally lacking. This paper estimates the parameters of two-level CES production functions with capital, labour and...

In their 1963 classic Scarcity and Growth Howard Barnett and Chandler Morse argued that resource scarcity did not threaten economic growth. A second investigation in the late 1970s, Scarcity and Growth Reconsidered, reached largely the same conclusion. The 25 years since that work was published...

Introducción El gas natural es mucho más que un combustible limpio: se ha convertido en un elemento de la controversia política y económica, interna y externa, de las naciones. Su importancia en este aspecto es sorprendente. Hace unos meses, el señor Greenspan, sin duda el banquero central...

This paper establishes the theoretically appropriate definition and treatment of capital gains and depletion. Failure to distinguish capital gains on natural assets from depletion causes NNP to me mismeasured. For resource rich countries this can lead to large spurious fluctuations in NNP. In...

The dynamics of industrial growth in Jevons' The Coal Question is developed in two directions. Malthus' dynamics of the supply of subsistence and population growth is transposed into one between coal supply and economic growth. A second influence lies with the dynamic evolution of Ricardian...

Kazakhstan’s economy has been driven by an oilboom since the discovery of large new oilfields coincided with the upturn of world oil prices after 1998. This paper uses national household expenditure survey data to examine whether Kazakhstan’s experience supports a curse or a blessing...

NIGERIA IS GOING THROUGH A DIFFICULT POLITICAL AND ECONOMIC TRANSITION AFTER FORTY YEARS OF INDEPENDENCE. YET, NIGERIA REMAINS A SOCIETY RICH IN CULTURAL, LINGUISTIC, RELIGIOUS, ETHNIC AND POLITICAL DIVERSITY. TODAY, THE AVERAGE NIGERIAN STRUGGLES HARD TO MAKE ENDS MEET; SEES HIMSELF OR HERSELF...