countries engage in asymmetric trade. We obtain explicit links between persistent gaps in productivity growth and the incentives … subsidize hinges on slower productivity growth and is disconnected from the importers' incentive to tax resource inflows i ….e., rent extraction. Moreover, faster productivity growth exacerbates the im- porters' incentive to tax, beyond the rent …

manufacturing goods produced by a resource-poor economy. Productivity growth in both countries is driven by endogenous innovations …

constant despite structural gaps in productivity growth rates. This stylized fact is analyzed in a two-country model where … resource- poor (Home) and resource-rich (Foreign) economies display productivity differences but stable income shares due to … rent-transfer mechanism. In Foreign, subsidies (taxes) on domestic oil use improve welfare if R&D productivity is lower …

below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period …

experience of the emerging countries of Asia and Latin America. - Productivity improvement was immediate in the US, but Europe … hoarded labour and productivity improvements were in general delayed. Southern European countries have hardly adjusted so far …

appropriate output from the formal sector in order to invest it in an informal sector in which productivity is lower and private …