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...

This paper empirically revisits the augmented neoclassical growth model suggested by Mankiw, Romer and Weil (1992, MRW) to answer whether this model is still an appropriate benchmark specification for investigating the relationship between long run economic growth and any particular growth...