-proportions trade vi) the world trade-to-output ratio increases over time. I argue that standard economic theories ignore the vast …

Distribution differences in human capital matter for a country’s growth and trade. While the existing literature … factor. In a two-sector equilibrium growth model, where the production function is supermodular for the consumption …. A country endowed with more diverse but leptokurtic talent distribution may have lower growth rate and import submodular …

±gurations, and investigate implications of the initial conditions for convergence and growth. We then proceed to study the … sensitivity of dynamic equilibrium to changes in the population growth rate and explore how differences in demographic … characteristics across countries may create the basis for long-run comparative advantages opening the way for free trade between two …

the growth path. This is why labor keeps up a substantial fraction of income. Real capital, however, that is capital … different mechanism, we show that its aggregate representation is the one of a neoclassical growth model with labor …

In this paper it is argued that the domestic division of labor and trade is organized according to the same principle … as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source … trade, thus creating a Darwinist society of the survival of the fittest. The least productive individuals and those who face …

the growth path. This is why labor keeps up a substantial fraction of income. Real capital, however, that is capital … different mechanism, we show that its aggregate representation is the one of a neoclassical growth model with labor …

This paper presents a tractable endogenous two-sector growth model with non-Gorman intra-temporal preferences and …. According to Engel's law, growth in income increases the expenditure share of the luxury sector. Biased technical change … equilibrium consists of a nonbalanced constant growth path along which the Kaldor facts hold and growth is fully driven by the …

sector. This discrepancy in technological proximity between sectors influences the differential productivity growth rates in …

fraction of production by services sectors. We develop a multisector growth model that admits structural change in production … networks along the balanced growth path to study these trends. Disaggregated final expenditure data reveal that inputs to … endogenously reallocate toward the fastest growing producers of investment. Growth accounting exercises demonstrate that investment …

network in amplifying sectoral dynamics on aggregate trend gross domestic product growth. This allows us to study the impact … of sectoral labor input and total factor productivity trend growth variation on the persistent decline in long-run output … growth. Our estimation reveals that sector-specific developments have historically accounted for half of this long …