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focus on imports of research and development (R&D) intensive goods instead. Overall, we confirm previous findings that … for technology trade, as there is a positive and significant linkage between technology imports and income levels. This …
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We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity differences across monopolistically competitive firms are endogenous and depend on investment decisions at the entry stage. By increasing entry costs, financial frictions lower the...
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, international economic convergence and geographic distance. We then test the model in an appropriate case, namely that of Spain … Economic Community. The results confirm the importance of the characteristics of internal demand, essentially of income …
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and constrained its demand for commodities. They find that Indias' industrial policies have altered the expansion path of … its economy, putting the service sector to the forefront and likely reducing Indias' demand for metals. Sector …-specific policies, such as those promoting self-sufficiency in agriculture, have altered Indias' demand for food commodities and its …
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