An R&D based endogenous growth - applied general equilibrium model is developed from an underlying analytical model which combines Romer's capital variety with Grossman and Helpman's multi-sector open economy model. The transitional dynamics of the analytical model are derived. For numerical...

The implications of environmental externalities are studied within three classes of endogenous growth models viz. the linear technology models, the human capital models, and the R&D and innovation models. The long-run rate of economic growth changes when environmental extemalities are introduced;...

This paper uses an endogenous growth model to examine the interaction between trade, economicgrowth, and the environment. We find that whether trade enhances or retards growth depends on therelation between factor intensities of exportable, importable, and R&D and the relative abundanceof the...

This paper addresses the problem of measuring the value of information to an agent in an environment where the agent is risk averse and choices are base on the utility of income and personal beliefs about the likelihood of uncertain outcomes