effects of its own investment, while treating other countries' investments as given. Average world growth is endogenous, as is …

interpret our results using a decomposition motivated by recent theoretical models of selection into exporting and FDI. …

phenomena - the industrialization and growth take-off of rich 'northern' nations, massive global income divergence, and rapid … trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and …

The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these …

phenomena - the industrialization and growth take-off of rich 'northern' nations, massive global income divergence, and rapid … trade expansion. Specifically, we present a stages-of growth model in which the four phenomena are jointly endogenous and … high, industry is dispersed and growth is low. In the second stage, the north industrializes rapidly, growth takes off and …