Cet article présente un modèle géographique de croissance à deux pays dans lequel les salaires nominaux des pays peuvent diverger. Ecartant l’hypothèse classique selon laquelle chaque pays a toujours un secteur traditionnel, cette étude montre qu’avec la libéralisation du commerce, un...

We embed an incomplete contracts setting into a model of economic geography with heterogeneous firms whose process of production can be geographically separated. Because of the presence of international incomplete contracts, trade liberalization is not necessarily welfare-enhancing. We show that...

We embed an incomplete contracts setting into a model of economic geography with heterogeneous firms whose process of production can be geographically separated. Because of the presence of international incomplete contracts, trade liberalization is not necessarily welfare-enhancing. We show that...