We analyze an economy in which sectors are heterogeneous with respect to the intensity of natural resource use. Long-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path and determine stability conditions. Technical...

Southeast Asia faces mounting competition -- Malaysia : the quintessential maturing tiger economy -- Analyzing comparative advantage and industrial change : reading the export trade tea leaves -- Imports and foreign direct investment : competition and technology transfer -- Leading and faltering...

How can Penang upgrade and diversify its economy? This paper addresses this question using a number of methodologies that have been developed for assessing competitiveness and identifying the direction of future industrial evolution. The results show that although Penang was successful in...