Kylymnyuk, Dmytro; Maliar, Lilia; Maliar, Serguei - In: Topics in Macroeconomics 7 (2007) 1, pp. 1482-1482
This paper presents a two-sector growth model of international trade that can account for the key features of the postwar world development experience. Two sectors represent traditional primitive production and modern sophisticated production. Due to increasing returns in the modern sector, the...