In recent years, the economy of Argentina has experienced both rapid economic growth and severe economic decline. In this paper, we use a series of one-year long panels to study who gained the most in pesos when the economy grew and who lost the most in pesos when the economy contracted. To...

Even in industrial countries, the impact of information technology has not been as deep or pervasive as the debate about the benefits of the global information society sometimes makes it appear. The literature review on the US experience shows that there is neither a 'productivity paradox' nor a...

Much of the vast literature on changes in income distribution in advanced countries during the last two decades attributes these either to globalization, or to skill-biased technology, or to a combination of the two. A transatlantic concensus has emerged to suggest that thes two factors have led...

This paper explores the impacts of informatin technology investment on economic groth in a cross-section of 39 countries in the period 1980-95 by applying an explicit model of economic growth, the augmented version of the neoclassical (Solow) growth model.

Can the increasing signicance of knowledge-products in national income- the growing weightless economy-infuence economic development? Those technologies reduce "distance" between consumers and knowledge production This paper analyzes a model embodying such a reduction. The model shows how...