In the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities because such discoveries can be easily imitated. We develop a general-equilibrium framework for a small open economy to clarify the analytical...

In the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities because such discoveries can be easily imitated. We develop a general-equilibrium framework for a small open economy to clarify the analytical...

Einführung: Ganzheitliche Wachstumstheorie -- Die Epoche wirtschaftlicher Stagnation -- Das Stagnationsregime -- Eine klassische Wachstumstheorie wirtschaftlicher Stagnation.-Die Epoche wirtschaftlicher Entwicklung -- Das Entwicklungsregime -- Klassische Wachstumstheorie wirtschaftlicher...

In the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities because such discoveries can be easily imitated. We develop a general-equilibrium framework for a small open economy to clarify the analytical...