We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is determined by the occupational choice of agents who can either work in production for a wage or become entrepreneurs. In this context, we examine the impact of redistributive...

The objective of this paper is relatively straightforward, suggesting 'what international air passenger travel will look like in five, ten or fifteen years and why?' This requires answering two questions; what will be the principal determinants of the growth in international air travel and what...