The paper investigates the efficient extraction path in a partial equilibrium model with exhaustible resource, the usage of which is characterized by return flows, and a backstop to analyze the sequence of the resource use. It is shown that in the presence of users with different return flow...

The main originality of this paper is to empirically investigate the long-run relationship between average regional water consumption and its determinants. To do so, we use quarterly non-stationary panel data covering the six Tunisian regions for the period 1980.1 to 2007.4 and a breakdown into...

In this paper we examine the Environmental Kuznets Curve (EKC) hypothesis using the Ecological Footprint (EF), a more comprehensive indicator of environmental degradation, through a time-series analysis for seven Latin American countries covering the 1961-2007 period. We first test the EKC...

To evaluate the social welfare of climate stabilization policy from perspectives of cost–benefit analysis in a optimal economic growth framework based on macroeconomic theory, the purposes of this study are to show theoretically that the equivalent variation is divisible into a...

Choke price data from the 2001 and 2006 National Survey of Fishing, Hunting and Wildlife-Associated Recreation (FHWAR) is used to construct welfare measures for wildlife-watching trips. Findings from an Oaxaca-Blinder decomposition analysis showed them to be temporally reliable which favors...

This paper examines how indebted countries have reacted to the recent shift in the global debt relief architecture towards rewarding indebted countries that have ‘superior' institutions with increased debt relief by probing whether there is any empirical evidence to suggest that countries may...

The relationship between exports and the propensity to innovate is an important issue for a developing economy. This article is dedicated to this question through the analysis of the first innovation survey of Tunisian firms. In particular, it distinguishes the propensity to innovate among three...