Due to an extraordinary growth performance during the last two decades the Chilean neo-liberal model of development, based on the exploitation of the country's static comparative advantages, has turned into a benchmark for most developing countries. The aim of this paper is to discuss the long...

This work provides an empirical assessment of the 'sophistication' of the Italian international specialization pattern and of its evolution during the period 1980-2000. In particular we analyse the well-known Italian trade 'anomaly' combining the information coming from the PRODY index (Hausmann...

This paper addresses the role of mobility costs in shaping the effects of trade integration on wage inequality and welfare. We present a three-factor, two-sector model in which the production technology exhibits capital-skill complementarity and the cost of moving across sectors differs between...

This paper documents the link between finance and informal competition. Using longitudinal firm-level data, we show that formal firms that are more exposed to the competition of informal firms are less likely to apply for a bank loan. This result is not due to sample selection, omitted variable...

This paper documents the link between finance and informal competition. Using longitudinal firm-level data, we show that formal firms that are more exposed to the competition of informal firms are less likely to apply for a bank loan. This result is not due to sample selection, omitted variable...