We survey the rich literature studying the behaviour of labor shares in recent decades. To explain their dynamics – the main feature being the decline of European and American shares starting in the 1980s – such literature considers models that use either neoclassical or Leontief-type...

We survey the rich literature studying the behaviour of labor shares in recent decades. To explain their dynamics – the main feature being the decline of European and American shares starting in the 1980s – such literature considers models that use either neoclassical or Leontief-type...

This paper proposes a stylized (hence very partial) explanation of the experience of those economies which, like the East Asian newly industrializing economies, managed to create an economic take-off, characterized by a rapid expansion of manufactured exports, and to maintain for many years a...

Previous work on this topic brought to light the possibility of a loss in income for the high-wage countries. Our two-country multicommodity Ricardo-Mill model extends this result to the n-good case but also shows the possibility of an offsetting income benefit, accruing to the high-wage...

Gli autori riconsiderano il dibattito che ha visto la contrapposizione tra modelli di crescita « trainata » dalle esportazioni (ELG) e modelli di crescita « limitata » dal vincolo della bilancia dei pagamenti (BCG). Tipicamente i modelli ELG (Beckerman, Lamfalussy) sottolineano il ruolo...

The mathematical models dealing with the dynamic stability of production prices are of two types: models of cross-dual dynamics and models of full cost. This paper examines both types of models, but the main effort is devoted to discussing the former. An analytical framework is built, within...

The authors comment a recent paper (Leon-Ledesma and Thirlwall 2000 Ð from now on LLT)in which an interesting issue is raised concerning the notion of the natural rate of growth, first proposed by Sir Roy Harrod (1939).