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Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...
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Economists have long debated whether the real exchange rate (RER) has a significant impact on export performance and output growth. Some claim that export performance depends only on nonprice competition and the RER is irrelevant to long-run growth, whereas others argue that the RER is a key...
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This publication brings together two reference works by Angus Maddison: The World Economy: A Millennial Perspective …, first published in 2001 and The World Economy: Historical Statistics, published in 2003. This new edition contains Statlinks …, a service providing access to the underlying data in Excel® format. These two volumes bring together estimates of world …
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of the future, end its decades-old crisis over foreign oil, and ensure its continued status as world power. He also …
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