This paper examines the possibility that a country might follow the global technology frontier partially instead of fully. We develop an empirical test of this possibility, which measures by how much a country follows the frontier. The test shows that indeed most countries do not follow the...

There is a growing literature that studies the properties of models that combine international trade and neoclassical growth theory, but mostly in a deterministic setting. In this paper we introduce uncertainty in a dynamic Heckscher-Ohlin model and characterize the equilibrium of a small open...

Are open economies characterized by superior economic performance in the long-run? This paper revisits this important question from the point of the view of unified growth theory. Contrary to other recent attempts to study this question, the paper considers two distinct channels through which...