We examine a two country world. We endow each of the countries with externalities from both private and public capital that enable endogenous growth. We show conditions under which an equilibrium exists where both economies grow at constant but different rates.

This paper explores the impact of memory in standard display imitation behavior, focusing on coordination games (as in Kandori et al (1993)) and N-player games where spiteful behavior allows to discard Nash equilibria. It is shown that the way interea is modeled in such examples actually entails...

We empirically study the effectiveness of a Demand Side Management (DSM) program for households based on customer information.

The European Commission has set a target date of 2025 for Western Balkan EU accession, while also outlining a broader new strategy which includes Brussels taking a more active role in solving political disputes in the region, and upgrading infrastructure as part of the Berlin Process. We welcome...

We analyze whether landlocked regions are systematically poorer, using panel data for 1,527 regions in 83 nations from 1950-2014 and exploiting within-country-time variation. Lacking ocean access decreases regional GDP/capita by ≈13%. Specifically, coastal distance matters but not the length...

The comparison of China's and India's economic trajectories over the last 40 years reveals the massive potential of targeted policies for economic development (in general) and economic growth (in particular). In the early 1980s India and China had a roughly similar GDP and up until 1990 India...

Spanish Abstract: El activo público más importante para el crecimiento económico colombiano ha sido la diversificación de la industria manufacturera. Los gobiernos que han promovido este y otros activos productivos (especialmente la infraestructura de transportes, el derecho a la propiedad y...

This paper revisits the hypothesis that landlocked regions are systematically poorer than regions with ocean access, using panel data for 1,527 subnational regions in 83 nations from 1950-2014. This data structure allows us to exploit within-country-time variation only (e.g., regional variation...

Proposals for incorporating information on the quality of human, social, and environmental conditions in more authentic and comprehensive versions of the Gross National Product (GNP) or Gross Domestic Product (GDP) date back to the foundations of econometrics.Typically treated as external to...