Recent studies consider public R&D spending that affects abatement knowledge and endogenous growth, distortionary taxes that affect physical and human capital formation, pollution taxes that affect environmental degradation, and regeneration that restores natural capital. Our model combines all of those elements. We show how the combination affects results from each prior model, focusing on two...

This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story, however: years in which American mu...

The dynamics of economies and infectious disease are inexorably linked: economic wellbeing influences health (sanitation, nutrition, treatment capacity, etc.) and health influences economic well-being (labor productivity lost to sickness and disease). Often societies are locked into “poverty traps” of poor health and poor economy. Here, using a simplified coupled diseaseeconomic model with endo...

investing in research and development spending (r&d) affects total factor productivity (tfp).recently new theories of economic growth have emphasized the relationship between r&d and tfpand also identified a number of channels through which a country’s r&d affects tfp of its tradepartner. this study seeks to estimate the effect of agricultural r&d and education spending and some...

The "productivity paradox" of information systems (IS) is that despite enormous improvements in the underlying technology, the benefits of IS spending have not been found in aggregate output statistics. One explanation is that IS spending may lead to increases in product quality or variety which tend to be overlooked in aggregate output statistics, even if they increase sales at the firm level....

A nation can use its current output to provide for the future in numerous ways: it can undertake private capital investment, add to the stock of public capital, enhance income-producing assets abroad, invest in human capital through education and health programs, conserve natural resources and the environment, and invest in science and technology. During the 1980s none of these approaches were ...