We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …

We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …

We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …

trade in explaining British living standards or growth rates. We construct a three-region model of the world in which …Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …

supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations … have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was …

trade in explaining British living standards or growth rates.  We construct a three-region model of the world in which …Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … find that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s …

trade in explaining British living standards or growth rates. We construct a three-region model of the world in which …Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …

asymmetrically. The gains from trade were channeled towards population growth in non-industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … that even if trade equalizes output growth of the trading countries, (due to the terms of trade effect), income per capita …

towards investment in education and growth in output per capita, a significant portion of the gains from trade in non …This research argues that the rapid expansion of international trade in the second phase of the industrial revolution … countries in the last two centuries. The analysis suggests that international trade had an asymmetrical effect on the evolution …

gains from trade have been directed towards investment in education and growth in income per capita, whereas a significant …This research argues that the differential effect of international trade on the demand for human capital across … portion of these gains in less developed economies have been channeled towards population growth. Cross-country regressions …