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Economic Growth and the Environment [PDF]
Using data assembled by the Global Environmental Monitoring System we examine the reduced-form relationship between various environmental indicators and the level of a country's per capita income. Our study covers four types of indicators: concentrations
G. Grossman, A. Krueger
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Economic Growth with Bubbles [PDF]
We develop a stylized model of economic growth with bubbles in which changes in investor sentiment lead to the appearance and collapse of macroeconomic bubbles or pyramid schemes. These bubbles mitigate the effects of financial frictions. During bubbly episodes, unproductive investors demand bubbles while productive investors supply them.
Jaume Ventura, Alberto Martín
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Taxation and Economic Growth [PDF]
Tax reforms are sometimes touted as having strong macroeconomic growth effects. Using three approaches, we consider the impact of a major tax reform—a 5 percentage point cut in marginal tax rates—o...
Eric M. Engen, Jonathan Skinner
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Trust and Economic Growth [PDF]
Economists increasingly pay attention to social capital as an important determinant of macroeconomic growth performance. At the same time, there is discussion regarding the robustness of the results of empirical growth studies. In a seminal paper, Knack and Keefer (1997) assess the effect of trust on growth.
Sjoerd Beugelsdijk+2 more
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Health and Economic Growth [PDF]
The strong observable correlation between health and economic growth is crucial for economic development and sustained well-being, but the underlying causality and mechanisms are difficult to conceptualize. Three issues are of central concern. First, assessing and disentangling causality between health and economic growth are empirically challenging ...
David E. Bloom+3 more
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Blue growth and economics [PDF]
Oceans and seas represent over 70% of the earth's surface. Furthermore, living aquatic resources can provide a significant contribution to food, energy and bio-based products. However, marine ecosystems are subject to increasing pressures and competing usages, resulting from resources over-exploitation and pollution.
Phoebe eKoundouri+4 more
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A concern with the mitigation of climate change cuts a transversal line across economic agents, epitomized by two contradictory viewpoints. Some defend that green growth can be achieved without harming economic growth; others argue that it is not ...
C. Fernandes+3 more
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Do microfinance banks’ activities affect Nigeria’s economic development? [PDF]
Microfinance banks were set up to provide financial services to poor people to reduce the rate of poverty and improve the quality of living in the country.
Adegbola Olubukola Otekunrin+4 more
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Infrastructure and Economic Growth [PDF]
I estimate the effect that growth in countries’ GDP per capita has on the growth rate of infrastructure. In order to extract exogenous variation in GDP per capita growth, I use the growth of the international oil price multiplied with countries’ GDP shares of oil net-exports as an instrumental variable.
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A Contribution to the Theory of Economic Growth
I. Introduction, 65. — II. A model of long-run growth, 66. — III. Possible growth patterns, 68. — IV. Examples, 73. — V. Behavior of interest and wage rates, 78. — VI. Extensions, 85. — VII. Qualifications, 91.
R. Solow
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