Stages of Diversification and Capital Accumulation in an Heckscher-Ohlin World, 1975-1995
Why 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.
|Date of creation:||Sep 2006|
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|Contact details of provider:|| Postal: ESSEC Research Center, BP 105, 95021 Cergy, France|
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