In early May, India and the United Kingdom (UK) announced the conclusion of their free trade agreement (FTA), touted as the most comprehensive trade deal India has ever signed. While the full text of the agreement has yet to be released, it is clear…
The finite nature of certain fossil fuels, which are essential inputs in production, imposes a substantial constraint on the economy's long-term growth potential. This paper develops an endogenous directed technical change model under uncertainty…