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We consider two channels via which foreign inputs into industrial production may lead to productivity effects. The first one concerns dynamic externalities between firms which share technical and organizational knowledge which is vital for the productivity growth of a particular industry. We...
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Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital's share in factor income determines...
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and financial crises in Asia, Latin America and Russia. The paper notes that, in contrast to the uneven economic … económicas y financieras de Asia, Latinoamérica y Rusia. Se observa que, a diferencia de los irregulares resultados económicos … de dicho programa de políticas? Crisis económica y financiera de Asia—Una tesis de gran importancia y trascendencia sobre …
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