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With serious impacts of climate change looming in a few decades, but current poverty still high in the developing world …, we ask how to spend development aid earmarked for the poor. Poverty reduction tends to be strongly linked to economic …-resilient and less environmentally damaging deliver large scale poverty reduction? Can aid be used for effective poverty reduction …
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In the current age of trade and financial openness, remote and poor local economies are becoming increasingly exposed to inflows of external capital. The new investors - enjoying lower credit constraints than local dwellers - might play a propulsive role for the local development. At the same...
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This paper studies urban sustainability from the perspective ofexternalities. We develop a general spatialequilibrium model of a monocentric city, in which two types ofexternalities occur. On the one hand, pollution inthe industrial centre leads to a spatially differentiateddeterioration of the...
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This paper proposes an analytical framework for assessing policies that will contribute to a better integration of environmental externalities in the pursuit of economic efficiency and growth objectives. The framework consists of two parts. The first part lays out principles and criteria for the...
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