Empirical evidence indicates that in Latin America and the Caribbean, households on less favored, or marginal, agricultural land form a "residual" pool of rural labor. Although the modern sector may be the source of dynamic growth through learning-by-doing and knowledge spillovers, patterns of...

Bilateral trade and capital flows have increased substantially between the United States and China yielding economic gains to both countries. However, these beneficial bilateral relations also bring about global environmental consequences including greenhouse gas emissions. The authors develop a...