Within an overlapping generations model of economic growth, the paper asks how the existence of a fixed supply of land or housing, whose price is bid up by economic growth, affects the accumulation of productive capital along the balanced growth of the economy. Land rules out the Golden rule...

In this paper, I briefly review the literature on commodity prices as it touches on African economic development; fuller accounts are given in Gersovitz and Paxxon, Deaton and Miller and Collier and Gunning. In the next section, I provide some data that documents who exports what, and what has...