Among the outstanding theories of development economics, neoclassical liberalism is the one that integrates in its field the environment of the socio-economic system. Through the economics of natural inheritance, it advocates the monetary valuation of natural goods and services without respect...

The challenges of sustainable development are well known: the full enjoyment of the earth's resources without compromising the welfare of future generations. It is to reconcile the three pillars on which the concept is based, namely: economic, social and environmental. Beyond that called...

The Democratic Republic of Congo (DRC) is rich in natural resources, but its economy remains vulnerable to fluctuations in commodity prices. Endogenous economic diversif ication, a concept aimed at broadening a country’s economic base by utilizing its own resources and capacities, could offer...

Productivity growth is the main long-run determinant of living standards. However, there are some distinctions between productivity growth as conventionally measured and the potential of the economy to raise living standards. Specifically, insofar as the share of depreciation in output...