This paper presents a dynamic model as a heuristic tool to discuss issues of changing industrial specialization which arise in the context of catching-up processes of (technologically) less advanced economies and the impact which various scenarios of such catching-up processes might have on the...

Although there exists a vast literature on convergence and divergence issue at the aggregate level, there is only little work on convergence and/or divergence processes of productivity and wage levels at the more disaggregated industrial level. These are especially important in the context of...

Although there exists a vast literature on convergence and divergence of income levels across countries or regions at the aggregate level, there is only little work on convergence and / or divergence processes of productivity and wage levels at the more disaggregated industrial level. These are...

The issue of the impact of trade on economic performance and labour markets has been intensively discussed in the recent literature on trade liberalization and globalization where the debate was mainly about identifying the relative impact of trade and technology. The bulk of the existing...