This paper argues that developing economies may face a trade-off between specializaing according to existing comparative advantage (in low-technology goods), and entering sectors in which they currently lack a comparative advantage, but may acquire such an advantage in the future as a result of...

This paper is concerned with the validity of historical claims that there may be a "penelty" of being a pionee. The analysis applies Aghion and Howitt's (1994) distinction between fundamental end secondary knowledge to investigate the existence of a "penalty" of being pioneer with general...

This paper is concerned with the nature of economic growth in 19 manufacturing industries between 1970-92. There is substantial heterogeneity (both across sectors and time) in rates of growth of value-added, hours worked, labour productivity and Total Factor Productivity during the sample...