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The two-sector specific factor model is typically used in the theory of international trade where it helps to clarify …
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-sector small open economy, an effect which has largely been neglected in trade theory literature. We show that ignoring the …
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We show that a simple and intuitive three-parameter equation fits remarkably well the evolution of the gross domestic product (GDP) in current and constant dollars of many countries during the times of recession and recovery. We then argue that it can be used to detect shocks and discuss its...
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