Showing 1 - 10 of 51
trade in explaining British living standards or growth rates.  We construct a three-region model of the world in which …Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … find that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s …
Persistent link: https://www.econbiz.de/10011194334
This paper considers a model of endogenous growth with two sectors. It shows that it may be desirable to concentrate … research in one sector, and so have unbalanced growth, but that the pressure of competition in research may cause the private … sector to spread research too widely, and so have growth that is too balanced. It is also shown that even if private agents …
Persistent link: https://www.econbiz.de/10010605145
on economic growth is affected by wealth inequality.  The results suggest (a) that opening to trade tends to accelerate …Panel data on 54 developing countries between 1960 and 2000 are used to investigate how the impact of opening to trade … growth but (b) that the addition to growth depends inversely on the level of wealth inequality prior to opening.  These …
Persistent link: https://www.econbiz.de/10011004246
These are additional notes relating to the paper `The Comparative Statics of Constrained Optimization Problems`, which is appearing in Econometrica. It gathers together material present in various earlier versions of the paper, as well as some new material, which are not found in the published...
Persistent link: https://www.econbiz.de/10010820326
We identify a natural way of ordering functions, which we call the interval dominance order and develop a theory of monotone comparative statistics based on this order.  This way of ordering functions is weaker than the standard one based on the single crossing property (Milgrom and Shannon,...
Persistent link: https://www.econbiz.de/10011004221
, 2007).  This paper develops a simple theory, in the context of a two sector growth model in which learning-by-doing drives … growth, to explain the time path of inequality following a resource boom.  Under plausible conditions, we find that income …
Persistent link: https://www.econbiz.de/10011004419
abolition of the Corn-Laws and to North-South trade are discussed. …
Persistent link: https://www.econbiz.de/10010604862
specific purpose. That was the origin of the famous trade model, the Heckscher-Ohlin-Samuelson (HOS) Model, originally … constructed to model Nineteenth Century transatlantic trade. Despite its simplicity, the HOS model is often invoked in discussions …
Persistent link: https://www.econbiz.de/10010604984
This paper considers linkages between national labour markets in a global economy, extending the existing analyses to the empirically important case where factor price equalization does not hold. Removing the assumption of factor price equalization allows the divergent wage experience as well as...
Persistent link: https://www.econbiz.de/10010605208
can neoclassical trade theory take us in explaining this pattern? Building on Schott (2003), we estimate the production …
Persistent link: https://www.econbiz.de/10005047722