trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing … returns: countries that accumulate capital faster than average experience declining export prices, depressing the rate of … perspective time-series behavior of the world economy is similar to that of existing endogenous growth models, with the world …

trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing … returns: countries that accumulate capital faster than average experience declining export prices, depressing the rate of … perspective time-series behavior of the world economy is similar to that of existing endogenous growth models, with the world …

leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns …: Countries that accumulate capital faster than average experience declining export prices, depressing the rate of return to … cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: Cross …

rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …