chains affect the world income distribution. We consider a world where countries only differ in their productivity. The level … of productivity determines the number of varieties a country produces. To manufacture each variety a bundle of … increases top-bottom inequality and it has non-monotonic effects on the world income distribution (it reduces relatively more …

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 …

One of the most striking features of the world economy is that wealthy countries are clustered together. This paper …

-factor productivity growth and economies of scale. These elasticities are then used to assess how the growth in export partners' income is …