-Stiglitz approach, we show that in such model we may exhibit cases of Pareto inferior trade and, in particular, Pareto inferior economic …

material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R …&D-based endogenous growth model with exhaustible natural resources, labour, knowledge, and physical capital as inputs, the present paper … addresses this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …

This paper aims to enrich the standard toolbox for measuring diversity in economics. In so doing, we compare the … indicators of diversity used by economists with those used by biologists and ecologists. Ecologists and biologists are concerned … about biodiversity: the diversity of organisms that inhabit a given area. Concepts of species diversity such as alpha …

compromising a second goal that is typically connected with trade liberalisation. …

Trade liberalization leads to significant changes in countries’ economic structures. The implied variation in the level … those countries pursuing trade liberalization initiatives to know how their specialization profiles would look like under … lower trade costs. This paper examines the impact of trade policy on production specialization patterns in ten Latin …

results. The approach leads to a novel decomposition of bilateral gross export flows and related value-added trade indicators …

-consistent methodology for calculating the measured net factor content of trade (Trefler and Zhu, 2010) and apply it to a unique dataset on … these data we provide new evidence on the factor-based trade patterns for 25 EU countries and use it to test the HOV theorem …

International trade in capital goods has quantitatively important effects on economic development through capital … formation and TFP. Capital goods trade enables poor countries to access more efficient technologies, leading to lower relative …, Ricardian model of trade with capital accumulation. The model matches several trade and development facts within a unified …