Regional economic activities require materials that can be extracted domestically or imported from other regions. Analysis of optimal patterns of combined economic development and materials use should be discussed in relation to trade and the environment. A model is presented that optimises long-term welfare of a 2-region economic system with trade in virgin and recycled materials as well as co...

Economists now recognize that, along with physical and human capital, environmental resources should be viewed as important economic assets, which can be called natural capital . Three recent debates have emerged over the role of natural capital in economic development. First, as many ecological services are unique, does the environment have an “essential” role in sustaining human welfare, and ...

The advanced technologies of the converged network are going to change the economic nature of the telecommunication network, especially the Internet. The Internet of today is an example of common resources and is suffering the tragedy of commons problem, i.e., it is overused. However, as the new network technologies of the converged network progress, the Internet will change from a common resou...

We specify a dynamic programming model that addresses the interplay among health, financial resources, and the labor market behavior of men late in their working lives. We model health as a latent variable, for which self reported disability status is an indicator, and allow self-reported disability to be endogenous to labor market behavior. We use panel data from the Health and Retirement Stud...

INTRODUCTION During 1970, the amount of ground water pumped in the southern and southeastern sections The economic development of any area is tied of Florida (which includes Broward, Dade and to its natural resource base. Water, one of the most Palm Beach counties) for municipal water use was important of these natural resources, is used for a 121 billion gallons. multitude of purposes includin...

This paper provides an integrated analysis of the role of the service sector in recent Indian economic development. It discusses the nature of services, their distinction from products, and their categorization. It provides an overview of India’s overall growth experience, and a detailed examination of the contribution of the service sector to growth. It includes an examination of the potential...

In this study, a multisectoral neo-classical type price driven CGE model, with the additional feature that it includes a mechanism by which public education expenditure to build human capital augments the supply of educated/skilled labour, is used to analyse the impact of an increase in the former, financed by an increase in direct tax rates, on economic growth and income distribution in the In...

European Union (EU) legislation on the protection of animals used for scientific purposes requires that alternative methods must be used instead of animal tests wherever they are available. Unfortunately, this provision is not implemented to its full extent when it comes to risk assessment of chemicals and new products prior to their authorization and placing on the market in the EU. In this st...

With serious impacts of climate change looming in a few decades, but current poverty still high in the developing world, we ask how to spend development aid earmarked for the poor. Poverty reduction tends to be strongly linked to economic growth, but growth impacts the environment and increases CO2 emissions. So can greener growth that is more climate-resilient and less environmentally damaging...