sizeable export yarn trade, a market again moresuited to mule spinning. Low ring adoption rates were a positive response …

technology adoption and trade in a world of two countriesfacing different technology adoption costs. It shows that a reduction in … the technologyadoption cost in one country increases the productivity, induces more firms to adoptadvanced technology, and … improves welfare in this country, while decreasing the pro-ductivity, inducing more firms to switch back to old technology, and …