The purpose of this paper is to estimate changes in productivity, technical efficiency and technology across the economic sectors during the period 1985-2006. We also seek to identify the turning points for productivity growth to see whether it was accompanied by technological change and/or technical efficiency. For estimating economic growth, aggregate production function is used. We find that...

We consider an infinite-horizon general equilibrium model with heterogeneous agents and financial market imperfections. We investigate the role of dividend taxation on economic growth and asset price. The optimal dividend taxation is also studied.

This paper develops a tractable method for resolving the equity-efficiency tradeoff that modifies the Kaldor-Hicks compensation principle to account for the distortionary cost of redistribution. Weighting measures of individual surplus by the inequality deflator corresponds to searching for local Pareto improvements by making transfers through the income tax schedule. Empirical evidence consist...

National exergy efficiency analysis relates the quality of primary energy inputs to an economy with end useful work in sectoral energy uses such as transport, heat and electrical devices. This approach has been used by a range of authors to explore insights to macroscale energy systems and linkages with economic growth. However, these analyses use a variety of calculation methods with sometimes...

This paper presents a model of innovations and economic growth, which departs from earlier endogenous growth models by assuming that innovations require not only labor of innovators, but also time. Each innovation has to wait till its time comes, and speeding it up is costly. This change in assumption yields a number of important results. First, the model gives rise to patent races, where many ...

In this paper, using a production framework in which skilled and unskilled labor are imperfect substitutes, I analyze the time paths of the efficiencies of skilled and unskilled labor and their implications for economic growth and wage inequality in the US between 1950 and 2005. There are two main findings. First, I find that skilled labor efficiency has grown more slowly since the mid 1970s. S...

This paper introduces a series of new concepts under the name Economic Cross-Efficiency, which is rendered operational through Data Envelopment Analysis (DEA) techniques. To achieve this goal, from theoretical perspective, we connect two key topics in efficiency literature that have been unrelated until now: economic and cross-efficiency. In particular, it shown that, input (output) homothetici...

in this paper the concept and the definition of the social and economic justice are evaluated considering the views of western and islamic thinkers and theorist and the focus is on the rationality. according to this evaluation, the criteria of economic justice in accordance with the islamic framework are extracted; which are: the equal availability of natural resources for everybody, the determ...

climate change and its possible impacts on the environment and socio-economic systems now constitute the most important environmental problem facing mankind in the 21st century. climate change will increase poverty and hardship, endanger food security, destabilize economies, decrease food and water and create social insecurity in many countries and undermine our goals for achieving sustainable ...