This paper analyzes how increasing trade integration affects individual utility when the international specialization pattern is stochastic, i.e. when the number of varieties each country produces depends on the realization of a random variable. I employ a Ricardian continuum of goods model to...

<span style="font-size: 10pt"><span style="font-size: 10pt">This paper presents a specific-factor model showing that, under technological uncertainty and risk averse agents, increasing trade integration is not always welfare increasing. The reason is that changes in the country's specialization level induced by trade integration produce both benefits and...</span></span>

<span style="font-size: 10pt"><span style="font-size: 10pt">This paper presents a historical and empirical account of the role played by government</span><span style="font-size: 10pt">intervention in the form of industrial policies in spurring development and growth in</span><span style="font-size: 10pt">developing countries in the last fifty years. Adopting the taxonomy proposed in Cimoli et</span><span style="font-size: 10pt">alt. (2008), it describes the set...</span></span>

<span style="font-size: 10pt"><span style="font-size: 10pt">This work provides an empirical assessment of the 'sophistication' of the Italian international</span><span style="font-size: 10pt">specialization pattern and of its evolution during the period 1980</span><em><span style="font-size: 10pt">¡</span></em><span style="font-size: 10pt">2000. In particular we analyse</span><span style="font-size: 10pt">the well-known Italian trade 'anomaly' combining the information coming from the PRODY index</span><span style="font-size: 10pt">(Hausmann...</span></span>