We employ the total factor productivity (TFP) index in growth accounting as a proxy for productivity growth to compare patterns and sources of output growth for a group of proximate countries in Asia-Pacific Economic Cooperation region.

This paper concerns marginal cost pricing in a capacity expansion problem for the electric utility industry. We develop a characterization of equipment selection and marginal capital cost allocation based on an optimal capacity plan, in the context of either a finite, discretely distributed...

In this empirical study, it is considered whether FDI has directly induced long-run effects on output in a selection of East Asian countries or whether such an influence, if any, has been transmitted indirectly through spillover effects. The Johansen cointegration methodology and resultant VECs...

Environmental pollution is among the main problems threatening a global sustainable future, and strongly intertwined with the unprecedented rise in economic prosperity since the industrial revolution. The first three chapters deal with two questions: The first question is: Does economic growth,...