The relationship between international trade, growth, and industrialization is analyzed in a two-sector non-scale growth model. The counterfactual prediction of new growth theories regarding a positive effect of population growth on per capita income growth is shown to be alleviated by allowing...

This work explores the spatial distribution of productive activities in the Italian manufacturing industry. We propose an econometric model which tries to disentangle location-specific from sectoral drivers in the dynamic process of spatial agglomeration. The basic idea is that the former...

Using data from various Chinese companies for the period 1994-2005 and applying GMM (System) technique, we report some stylized facts regarding the link between uncertainty and investment, where uncertainty is measured as the volatility of daily stock market returns. Controlling for the short-...

This paper analyzes the effects of increasing trade integration on individual utility when the international specialization pattern is stochastic, i.e. when the range of goods each country produces depends on the realization of a random variable. Using a Ricardian continuum of goods model it is...

This paper analyses the long-run influence of domestic and foreign technological capital on countries' manufacturing TFP. The calculation of the TFP has been carried out by applying specific unit value ratios, adjusting the value added of each individual (sector-country) in order to take into...