The author examines the properties of a dynamic disequilibrium model focused on trade specialization and the accumulation of knowledge. Steady state analysis shows that: a) under perfectly balanced growth international diffusion of knowledge is irrelevant for growth; and b) under unbalanced...

Recently, interest in regionalism has mushroomed, and economists have analyzed it not only from the viewpoint of trade but that of foreign investment, macroeconomics, and political economy. But questions of technological regionalism -whether the accumulation and diffusion of technology has a...