Stages of Diversification and Capital Accumulation in an Heckscher-Ohlin World, 1975-1995
AbstractWhy do we observe a U-shaped industrial concentration curve over an economy's development path? We show that at least one third of this phenomenon is explained by the effect of capital accumulation on industrial specialization.
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Bibliographic InfoPaper provided by ESSEC Research Center, ESSEC Business School in its series ESSEC Working Papers with number DR 06008.
Length: 45 pages
Date of creation: Sep 2006
Date of revision:
Heckscher-Ohlin; International Trade;
Find related papers by JEL classification:
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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