Inside a standard growth model with exhaustible resources, we study the optimal growth policy of an economy submitted to a climate constraint, taking the form of a ceiling over admissible atmospheric carbon concentrations. The optimal scenario is a three phases path: a rise of carbon...

Inside a standard growth model with exhaustible resources, we study the optimal growth policy of an economy submitted to a climate constraint, taking the form of a ceiling over admissible atmospheric carbon concentrations. The optimal scenario is a three phases path: a rise of carbon...

The primary aim of this paper is pedagogical. We first present and discuss a “wiring diagram” framework in order to elucidate the general links between economic growth and "natural capital." After developing the general framework, we develop parallel frameworks applicable to several specific...

This chapter is motivated by the question of whether development assistance directed at agriculture ("agricultural aid") is effective. It argues that development assistance is continually changing as the ascendant visions of strong global leaders interact with theories of economic growth and...

The social and economical development must be approached in such a way that it minimizes the effects of the economic activity over the deterioration of resources and to discourage waste. The pollution control depends on humans’ ability to understand the seriousness of the ecological lack of...

This chapter is motivated by the question of whether development assistance directed at agriculture (agricultural aid) is effective. It argues that development assistance is continually changing as the ascendant visions of strong global leaders interact with theories of economic growth and...

Reducing disparities among regions within European countries together with economic development is the aim of European and national structural policies. In particular, a European grant contributes to the German governmental program for reducing and equalizing regional unemployment. The goal is...

German structural policy is characterized by a composite indicator with three targets:(1) minimization of unemployment, (2) maximization of GDP, and (3) equalization of regional unemployment rates. The composite indicator with given target weights is maximized subject to budget constraints and...

This paper presents an empirical analysis to improve our understanding of the catch-up and convergence tendencies of total factor productivity (TFP) growth across the Chinese provinces over 2003¨C2012. After controlling for the province heterogeneity, our regression results show that the...

Despite increases in foreign aid inflow to Haiti, the country remains one of the poorest in the world. Findings regarding the benefits of foreign aid have been inconsistent. The purpose of this quantitative, archival study was to examine the extent to which total foreign aid explained gross...