Giorgio Barba Navaretti

Isidro Soloaga

Knowledge, lacking weight and other physical attributes and being intangible, is a hidden factor of production, making economies grow "weightless." But knowledge is also imbedded in technology. If, becaue of low productivity, poor countries keep buying low-technology machines, will they remain stuck in a low-technology, low-growth trap?

An Empirical Analysis of Trade and Technology Diffusion

Weightless Machines and Costless Knowledge

Elena Ianchovichina

Alessandro Nicita

Results from a two-step simulation that uses a computable general equilibrium model and detailed consumption and income household data suggests that trade liberalization benefits people in the poorest deciles more than those in the richer ones.

Isidro Soloaga

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