Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far … can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher …

countries, especially those in the G7, which possess huge reserves of oil wealth but have undertaken economic diversification to … correct the ill-effects of an oil curse. This paper takes an in-depth look into the UAE economy as a model but also as a … diversify its economy. However, the drivers of economic growth in the UAE are vulnerable to external shocks outside of the …

This paper is devoted to the study of diversification and specialization influence on one of the main indicators of … were empirically tested: 1) the dependence of the unemployment rate on the degree of concentration or diversification is … concentration or diversification on the level of unemployment depends on the time period. To test these hypotheses nonparametric …

it the Great Recession), but the Australian economy appears to be powering ahead. It is a miracle economy! Unlike most of … economy compared to some of the OECD countries and see that, in fact, Australia has a "miracle economy". The comparisons are …

make the economy less stable at the aggregate level. As in Nelson and Winter (1982), firms differ in their labor … explain the key results. Optimal selectivity is larger, the less "cobweb unstable" the economy, i.e. the more elastic the …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with …