This paper compares two alternative growth paths, assessing the effects on productivity of specialisation in natural … exports either of natural resources or of technological products, and compare their role in productivity growth by GMM … estimation of a conditional convergence model. In general, reliance on natural resource exports slows growth, but we find that …

-constraints and the profitability of engaging in innovation (R&D). We decompose the effects of RER changes on productivity growth …

for financing R&D. We decompose the effects of RER changes on productivity growth into these channels and explain regional …