This paper examines an economy with a large number of industries, each producing a different good. Technological change follows a Poisson process where firms improve their productivity through investment in R&D. The less there are firms in the economy or the more they can coordinate their...

Global trade flows : old structures, new issues, empirical evidence / Richard J. Grant, Maria C. Papadakis, and J. David Richardson -- The Uruguay Round and the GATT : whither the global system ? / John Whalley -- Globalism and regionalism : complements or competitors? / Soogil Young -- The...