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This paper models an entrepreneur's choice between investing in a safe activity or experimenting with a new risky one, and how much to invest in "entrepreneurial capital" that permits more effective use of arriving information on the latter - how much to learn how to learn. Optimal investment...
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This paper examines the empirical relationships between trade structure and economic growth, particularly the influence of natural resource abundance, export concentration and intra-industry trade. We test the robustness of these relationships across proxies, control variables, and estimation...
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Mexico, and finds little evidence to support the traditional dualistic view.He shows that traditional earning differentials …
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transition to formality as they grow. Using detailed observations from Mexico, Levenson and Maloney find their view consistent …
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