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theoretical literature the relationship between direct investment and trade is not certain apriori: some works emphasize their … transfer production phases to low-wage countries, to circumvent trade barriers, to acquire natural or technological resources …
Persistent link: https://www.econbiz.de/10005111540
The paper attempts to interpret a few stylized facts of international economic growth by means of an open economy evolutionary model. The idea is that growth models that incorporate a richer representation of the properties and effects of technological change can give a better explanation of the...
Persistent link: https://www.econbiz.de/10005481661