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Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...
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domestic shares under full diversification. When stock-market data are directly used, the predicted coefficient of home bias …
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the product level. The authors find evidence of diversification followed, in the very last years of the sample period … simple model of adverse selection and quality screening by OECD buyers predicting that diversification happens by "bouts …
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concentration of those imports across origin countries at the product level. The authors find evidence of diversification followed …
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