We analyze a multi-sector growth model with directed technical change where man-made capital and exhaustible resources are essential for production. The relative profitability of factor-specific innovations endogenously determines whether technical progress will be capital- or...

Purpose – IPv6 is the replacement for the Internet’s incumbent protocol, IPv4. IPv6 adoption is required to allow the Internet to continue to grow; however, there has been almost no uptake since its standardisation in the late 1990s. This paper seeks to explain how this non-adoption may be a...

The current commodity boom is a major opportunity for poor countries exportingexhaustible resources such as oil. In the past oil booms were often mismanaged leaving the country with lower long run income. Many countries are now well aware that booms require intricate savings and investment...

This paper is a first attempt to empirically measure transaction costs – a composite of administrativecosts and trading costs – of firms in the European Union's CO2 Emissions Trading Scheme (EU ETS)during its trial phase (2005-2007). This analysis provides some evidence that transaction...

Using a stylized theoretical model, we argue that current economic analyses of climate policy tend to over-estimate the degree of carbon leakage, as they abstract from the effects of induced technological change. We analyse carbon leakage in a two-country model with directed technical change,...

The Clean Development Mechanism (CDM) of the Kyoto Protocol offers developing countries the opportunity to participate in the effort to reduce global greenhouse gas levels while also benefitting from sustainable development opportunities. To date, the majority of CDM investments have gone to...

Public policy supports biofuels for their benefits to agricultural economies, energy security and the environment. The environmental rationale is premised on greenhouse gas (GHG, "carbon") emissions reduction, which is a matter of contention. This issue is challenging to resolve because of...

This thesis is a collection of research papers examining global economic integration, technology diffusion and climate change and their interactions and policy implications. Chapter 1 theoretically analyzes the effect of changes in regional production costs on the inter-regional allocation of...