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diversification, while the feedback effect of diversification on GDP per capita may be delayed. This pattern fits into theoretical … rationales that view diversification as driven by technology or efficiency and where diversification generates additional …
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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...
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