Institute for Economic Development

Fluctuations in the terms of trade-the price of a country's exports relative to the price of its imports-are a source of perennial concern to policymakers in developing c [...]

Our recent work examines the links among innovation, technology, trade, and growth. One strand focuses on research activity, technology diffusion, and growth. The other e [...]

European countries do less research than Japan and the United States. We use a quantitative multi-country growth model to ask: (i) Why is ~his so? (ii) Would there be any [...]

Measures of innovative activity show it to be concentrated in a small number of countries. Yet the benefits of innovation are experienced broadly. International trade is [...]

This paper presents a theory of rent-seeking within farmer cooperatives in which inequality of asset ownership affects relative control rights of different groups of memb [...]

We develop a Ricardian model to explore the role of trade in spreading the benefits of innovation. The theory delivers an equation for bilateral trade that, on its surfac [...]

Demand for less skilled workers decreased dramatically in the US and in other developed countries over the past two decades. We argue that pervasive skill biased technolo [...]

The integrated assessment of Climate Change at global level due to anthropogenic emissions has its gaps and problems of uncertainties. The conventional approach of such a [...]

We examine productivity growth since World War ll in the five-leading research economies: West Germany, France, the United Kingdom, Japan, and the United States. Availabl [...]