In 1950, Latin American countries capabilities were promising, and the subcontinent was thought to have a big potential for convergence. In order to understand why this prediction was not fulfilled, we apply in this paper the framework set by Fagerberg and Srholec (2008(24)). Our study of the...

This work brings together two distinct pieces of evidence concerning, at the macro level, international distributions of incomes and their dynamics, and, at the micro level, the size distributions of firms and the properties of their growth rates. First, our empirical analysis provides a new...

This paper discusses the link between patterns of technological change and economic development taking an evolutionary perspective. We argue that the modes and timing of such coupled dynamics are deeply influenced by the emergence of new techno-economic paradigms or regimes. ICT-based...

This work brings together two distinct pieces of evidence concerning, at macro level, international distributions of incomes and their dynamics, and, at micro level, the size distributions of firms and the properties of their growth rates. Moreover, we take into the picture an intermediate level...

This paper studies how the interplay between technological shocks and financial variables shapes the properties of macroeconomic dynamics. Most of the existing literature has based the analysis of aggregate macroeconomic regularities on the representative agent hypothesis (RAH). However, recent...

The aim of this work is to investigate the role played by the so-called 'globalization' processes of the last couples of decades on the international patterns of technological learning and on the distribution of incomes and growth. First, we re-assess the evidence on the general patterns of the...

This paper addresses the question of sectoral specialisation mechanisms and effects on growth rate differences providing an alternative approach to endogenous growth processes. The framework we choose draws on the Kaldorian cumulative causation approach to growth and the evolutionary modelling...

Countries differ in terms of technological capabilities and complexity of production structures. According to that, countries may follow different development strategies: one based on extracting rents from abundant endowments, such as labor or natural resources, and the other focused on creating...

We present a novel argument demonstrating that when trade is characterized by uncertainty the comparative advantages doctrine is misleading and a positive level of diversification is growth enhancing. Applying a result developed in the mathematical biological literature, we show that, in...