1. Why the Dynamic Evolution of China’s Comparative Advantages Must Be Accelerated -- 2. Resource Constraints in the Dynamic Evolution of China’s Comparative Advantages -- 3. Factor Substitution, Technological Progress, and the Dynamic Evolution of Chinese Manufacturing’s Comparative...

Against the backdrop of Baumol’s model of ‘unbalanced growth’, a recent strand of literature has presented models that manage to reconcile structural change with Kaldor’s ‘stylized fact’ of the relative constancy of per-capita GDP growth. Another strand of literature goes beyond...

The aim of this paper is to investigate the nexus between demand patterns and innovation as it stems from research efforts and the extent of specialization. In the proposed model an innovation race conducted by entrants investing in research and development against established incumbents raises...