Work published in: Review of Development Economics, 19, 3, 725-724, 2015: Convergence among nations that share the same preferences and technologies is a key result of the closed-economy neoclassical growth framework that has received substantial support in the data. However, Heckscher–Ohlin versions of the two-sector neoclassical growth model predict that nations that differ in their capital–labor ratios may not converge to the same steady state, even if they are identical in all other aspects. This is a puzzling result that warns us about potential dangers of international trade. In this paper we show that when land, an input in fixed supply, is introduced into the model, international trade in goods no longer limits the capacity of poor nations to catch up with the advanced world.
Journal of International Economics 2015, in press. We advance a novel mechanism that helps to explain the puzzling evidence on the natural resource curse. The new channel arises in a standard dynamic Heckscher–Ohlin model composed of small-open economies that take international output prices as given. Within this framework, a more capital-intensive primary sector implies that natural-resource abundant economies grow more slowly along the adjustment path. This effect might be only temporary because the natural input also affects long-run income, and not necessarily in the same direction as transitional growth. We produce quantitative results that show that the new mechanism can account for a significant fraction of the observed output growth gap between resource rich and resource poor U.S. states.
I JORNADA DE TRANSFERENCIA DE INVESTIGACIÓN DE ESTUDIOS DE GÉNERO DE LA UNIVERSIDAD DE ALICANTE: A LA EMPRESA, Alfon Denia y Lola Guilló partipan con una ponencia sobre la incidencia del género en el aumento del llamado empleo no-standard o de jornada parcial involuntaria durante la reciente crisis en España, 24 de noviembre de 2015, IUIEG-UA..