Purpose – The purpose of the paper is to examine the interdependencies between trade and environment policies, as they get jointly determined in a political-economy model of a small open economy. In theoretical literature, government is usually modeled as benevolent. In real economies,...

Climate change is having adverse implications for agriculture yields in India, especially in the agriculture-dependent economy of the state of Bihar. The agricultural productivity in Bihar is one of the lowest in the country. Bihar is also less resilient to climate change, deeming it necessary...

Climate change is having adverse implications for agriculture yields in India, especially in the agriculture-dependent economy of the state of Bihar. The agricultural productivity in Bihar is one of the lowest in the country. Bihar is also less resilient to climate change, deeming it necessary...

Introduction / G. Venkat Raman and Rajan Kumar -- Liberal international order and the evolution of BRICS / Bappaditya Mukherjee -- Evolution of BRICS : history and politics / Ajay Patnaik -- BRICS in blues : potentialities of the maritime world : lessons from the history of money, metallism &...

The article utilises a model of endogenous growth with vertical innovation (á la Aghion–Howitt) to examine how the inclusion of a production-related pollution externality affects the prospect for long-run growth of a closed economy. It is derived that the social optimum exhibits the...

The paper utilizes a model of endogenous growth with vertical innovation (´a la Aghion-Howitt) to examine how the inclusion of a production related pollution externality affects the prospect for long-run growth of a closed economy. It is derived that the social optimum exhibits the...

Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG...

Purpose – The purpose of the paper is to examine the interdependencies between trade and environment policies, as they get jointly determined in a political‐economy model of a small open economy. In theoretical literature, government is usually modeled as benevolent. In real economies,...

We examine human capital's contribution to economy-wide technological progress through two channels – imitation and innovation – innovation being more skill-intensive than imitation. We develop a growth model based on the endogenous ability-driven skill acquisition decision of an individual....