This paper reviews dynamic general equilibrium models in order to collect insights on the interaction between economic growth and environmental issues. The authors discuss the Ramsey model and extend it for natural resource inputs and pollution, as well as for endogenous technical change. Green...

The implications of ICT on wage inequality are studied by applying a CES production function with skilled and unskilled labour. Skill-biased technological change increases wage inequality. The result is reinforced in a two-sector general equilibrium model if the income elasticity of the demand...

Our aim is to analyse patterns of international trade and economic growth in connection with the North‐South income gap. The analysis is based on the familiar two‐factor, two‐sector, two‐country model adapted to the specific situation in question. Less developed countries, LDCs, are...

Property rights are essential for economic development in a capitalist society but there may also be a need to control business. The institutional design of these rights could be based on a trade-off between the cost of regulation and the social cost of private expropriation. However,...