Serbian Abstract: Слободна трговина и заштита конкуренције на тржишту доносе малу корист великом броју људи, а монополизовано тржиште обезбеђује велику корист...

English Abstract: As wages are the primary means of income for the majority of people in every country in the world, understanding the reasons for differences in wages is important for human welfare. One potential source of differences in wages between countries is differences in the degree of...

I formulate and estimate a model of externalities within countries and technological interdependence across countries. I find that external returns to scale to physical capital within countries are 8 percent; that a 10 percent increase of total factor productivity of a country's neighbors raises...