Foreign technological advance unambiguously reduces home welfare in a popular variant of the Melitz (2003) model that assumes the presence of a costlessly traded homogeneous good (Demidova, 2008). The present paper shows that this result is sensitive to the presence of such a good and is...

Nontraded goods account for a major share of GDP in most economies, but have not been incorporated in the welfare analysis of monopolistic-competition models with heterogeneous productivity. This paper extends Helpman, Melitz and Yeaple (American Economic Review 94(1):300–316, <CitationRef CitationID="CR18">2004</CitationRef>) to explore...</citationref>

This study is a contribution to the debate on the relationship between FDI and growth. The idea that the alleged link between FDI and growth is rather the consequence of both FDI and growth responding endogenously to economic integration is tested empirically. The results confirm precisely this...

Recent empirical studies concerning the impact of foreign direct investment (FDI) on economic development have all been taking into account FDI as a whole. However, the theoretical literature on the topic argues that more attention should be devoted to distinguishing FDI by type, and suggests...