Luxembourg is a small open economy with a set of particular features, including rather limited...

Development accounting exercises based on an aggregate production function find technology is biased in favor...

We present a dynamic comparative advantage model in which moderate reductions in import tariffs can...

This paper suggests that the main (and possibly unique) source of beta- and sigma-convergence in...

This paper introduces Heckscher–Ohlin trade features into a two-country dynamic stochastic general equilibrium model, and...

We construct a dynamic Heckscher-Ohlin model in which the initial distribution of production factors across...

The standard Real Business Cycle literature mainly focuses on Walrasian models designed to fit the...

Standard international real business cycle models are generally unable to replicate the observed comovements of...

This paper studies the relationships between imports of technologically advanced intermediate goods, technology transfers, and...

Empirical evidence suggests that the distribution of income and its composition play an important role...

A reduction in income tax rates generates substantial dynamic responses within the framework of the...