undervaluations increase investment and the share of intermediate and capital goods imported, and decrease the shares of consumption …, wages, the services sector, and consumption goods imported. Overvaluations cause a reduction in investment, and an increase …

In this paper we present a multi-country, multi-industry agent-based model investigating the different growth patterns … with Keyneasian/Kaldorian demand generation mechanisms. National growth trajectories are driven by firms' accumulation of … firm-level virtuous (or vicious) cycles between knowledge accumulation, trade performances, and growth dynamics. The model …