The impact of human and public capital on growth is a major issue in economic theory and in policy evaluation. Using a cointegrated VAR, we estimate a Cobb-Douglas production function for Portugal with public and human capital. Return rates are then computed with and without dynamic feedbacks....

The impact of human and public capital on growth is a major issue in economic theory and in policy evaluation. Using a cointegrated vector autoregression (VAR),weestimate a Cobb-Douglas production function for Portugal with public and human capital. Return rates are then computed with and...

Recreation is one of the ecosystem’s secondary values of a well conserved natural ecosystem, associated with the direct use individuals make of these natural assets. In this paper we define and estimate the total economic recreation value to visitors of a particular natural area, a national...