This paper addresses the lack of connection between theory and empirics in most export diversification … the level of technology and country size assessed with respect to the rest of the world. Relative export diversification … is an outcome of two forces: a relative productivity change (technological progress) and a relative country size change …

50% and 60% (depending on the specification used) unless a structural break increases the world interest rates or … productivity as of 1959 of about 350 (320). As a complement to the growth model we estimate the Kouri model using time …-varying coefficients obtaining a forecast of the debt/GDP ratio of about 57% for 2050 as for the growth model. As the rest of the world is …

50% and 60% (depending on the specification used) unless a structural break increases the world interest rates or … productivity as of 1959 of about 350 (320). As a complement to the growth model we estimate the Kouri model using time …-varying coefficients obtaining a forecast of the debt/GDP ratio of about 57% for 2050 as for the growth model. As the rest of the world is …

incentives and the world distribution of income. An endogenous product cycle arises in equilibrium, in which innovative countries …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …

heterogeneous with respect to their entrepreneurial ability, and firms run by more able entrepreneurs have a higher productivity …

productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …