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This work considers a hypothesis on mechanisms of productivity levels convergence among countries in an attempt to examine some of the current assumptions in this field. After a short summary of the chief findings of other authors, the study focuses on the pioneer follower contraposition,...
Persistent link: https://www.econbiz.de/10008495935
The debate on international trade and labor market equilibria has often neglected the effects of the former in terms of employment, assuming that these very effects would have been nullified by general equilibrium sector reshuffling. Nevertheless these effects can be relevant also in general...
Persistent link: https://www.econbiz.de/10008459619