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-sector small open economy, an effect which has largely been neglected in trade theory literature. We show that ignoring the … production and trade. Imposing stylized facts of growth as restrictions, we assess the relative size of the implied prediction …
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final goods. This provides a comprehensive theory that explains the dynamics of comparative advantages based on differences …
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production activities in the sector hit by foreign competition would have to close down otherwise. The economy with a binding …
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The deterioration of the income and employment position of unskilled workers in the OECD since the 1980s is a well-documented fact. The debate about the causes of this development is dominated by two competing hypotheses, "North-South Trade" ("globalisation") and technological progress. Several...
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