This paper proposes a stylized (hence very partial) explanation of the experience of those economies which, like the East Asian newly industrializing economies, managed to create an economic take-off, characterized by a rapid expansion of manufactured exports, and to maintain for many years a...

A recent paper by Ryzhenkov considers also a paper of mine, where increasing returns to scale are a crucial ingredient. According to Ryzhenkov, my specification of increasing returns is not correct. In this paper I shall show that on the contrary, it is his specification that is not correct...