a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and …

example, can make the effect of a traded-goods productivity improvement on the real exchange rate negative or positive, as … on the relationship between productivity and the real exchange rate. -- Exchange rates ; Productivity …

), provides a separate analysis of trend labour input and trend labour productivity, and in doing so accounts for more long …

productivity, by altering the makeup of plants that populate the market. An appreciation of the local currency increases the level … structural model that captures the effect of plantlevel productivity and real exchange rate fluctuations on plant entry and exit … decisions in the Canadian agricultural implements industry, and how this, in turn, affects aggregate productivity. The model …

While the service sector has been growing rapidly as a share of total output, aggregate productivity growth has … service sector productivity growth. Measurement problems appear to be greater in services than in goods, and a detailed … analysis of output measurement in the three service industries experiencing the lowest productivity growth suggests that …