In the last decades, the world economy has been undergoing a process of production reorganisation and relocation of unprecedented scale and scope. The era of ?globalisation? has been characterised by falling barriers to trade and increasing capital flows, both of speculative and investment...

The Kuznets-Kaldor stylized facts are one of the most striking empirical observations about the development process in the industrialized countries: While massive factor reallocation across technologically distinct sectors takes place, the aggregate ratios of the economy are quite stable. This...

Different goods are produced by different sectors in an economy. The fact that sectors use different production technologies is named technology-bias. The technology-bias is well documented and has important theoretical implications for economic growth and unemployment. We provide a theoretical...