R&D investment are an important engine of growth and development. Yet economists have often claimed under-investment, also due to the asymmetric information between inside investors and outside investors and financiers, and the consequent capital and financial market imperfections. Some recent...

Within an R&D-driven endogenous growth model, this paper studies the effects of carbon pricing on individuals' incentives for human capital accumulation, income inequality, and the per capita growth rate. The results show that a tighter carbon pricing policy in the form of an environmental tax...