Guillo, Maria Dolores, Pérez Sebastián, Fidel
Paths of development for early- and late-bloomers with land
URI: http://hdl.handle.net/10045/23697
DOI: 
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Abstract: 
Heckscher-Ohlin versions of the two-sector neoclassical growth model predict that late-blooming nations can remain permanently poorer. This is an important result that warns us about the dangers of international trade. We show, however, that the result vanishes once inputs in fixed supply such as land are introduced into the model.
Keywords:Land, Two-sector growth model, Late-blooming nations, International trade
info:eu-repo/semantics/workingPaper