Our study employs a difference-in-differences technique to test two channels of Dutch disease effects predicted by the theory. First, if there is a deindustrialization in resource-rich countries, then the outflow of resources from the manufacturing sector should put industries with higher...

A lo largo de los tiempos se ha podido comprobar que los países con mayores tasas de crecimiento económico y desarrollo son aquellos que su economía se encuentra mayormente liberalizada. El presente trabajo pretende analizar la conveniencia de la aplicación de un régimen arancelario único...

Economic theory provides several arguments as to why institutions and economic integration determine economic growth through their impact on the diffusion of technology. The empirical evidence for a joint impact of institutions and integration is ambiguous and depends on finding adequate...

This paper evaluates the global welfare impact of China's trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a "balanced" one in which China's productivity grows at...

In his inaugural lecture of 1953 Hicks conjectured that any uniform expansion of a country's production set would benefit its trading partner. Corden and Ikema later provided conditions on that country's consumption which, if added to Hicks' condition on production, would validate Hicks'...

We extend the model of Nishimura and Shimomura (2002) to consider a two-country framework where under autarky indeterminacy arises in one country but determinacy in the other, and show that indeterminacy could be eliminated when trade takes place between the two

Destabilizing political incidents may have dramatic effects on economic conditions. Foreign creditors and investors, in particular, may be reluctant to lend resources to a country whose internal stability seems shaky. We use a dynamic computable general equilibrium model to quantify the effect...

This paper addresses the lack of connection between theory and empirics in most export diversification–economic development studies. We provide a Ricardian-based theoretical explanation of countries' relative export variety as a function of the level of technology and country size assessed...

This paper studies the origins and consequences of international technology gaps. I develop an endogenous growth model where R&D efficiency varies across countries and productivity differences emerge from firm-level technology investments. The theory characterizes how innovation and learning...

Productivity in agriculture or services has long been understood as playing an important role in the growth of manufacturing. In this paper we present a general equilibrium model in which manufacturing growth is stimulated by non-manufacturing sectors that provides goods used in both research...