It is now well accepted in both academic and policy worlds that human capital accumulation plays a significant role in the increase of standards of living in different countries. Education is a primary source of human capital and is a key aspect in public policies to develop human capital. From...

The relationship between investment in public infrastructure and growth has become a pervasive theme in the theoretical and empirical literatures on economic growth in both developed and developing countries alike. Much of the recent debate on the means to reduce persistent poverty in developing...

Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in...

Abstract Emissions trading with output-based allocation (OBA) of emissions allowances is gaining popularity as a mean to address sectoral distribution issues related to the use of market-based instruments in pollution control. Using a dynamic general equilibrium framework, this paper assesses...