During the last decades, some Asian countries have experienced a substantial change of their production structure leading to a change of their trade patterns. Whereas formerly high-tech goods were imported, they now constitute an important fraction of the countries' exports. Possible reasons for...

Global stability properties of dynamic two-country models can be easily studied in the case of international capital flows and simple capital market no-arbitrage conditions. With internationally constant relative productivities, long-run balanced growth path values for factor prices will hold on...

The prediction of trade patterns is usually based on physical factor abundance. In a context of endogenous growth, however, physical factor richness does not always predict trade patterns in a reliable way. In a world where countries differ only in their factor endowment trade patterns can...