-goods imports. While capital-goods imports were only 3.5 percent of E&S investment in 1967, by 2008 their share had risen tenfold to … 36 percent. The goal of this paper is to measure the contribution of capital-goods imports to growth in U.S. output per … hour using a simple growth accounting exercise. We find that capital-goods imports have contributed 20 to 30 percent to …

through simple measures of import prices and/or imports to GDP ratios can be misleading. To do so, we try to extend the … analysis following two different avenues. We first separate between commodity and non-commodity imports and show that the … price inflation, the former depending on the volume of commodity imports while the latter being independent of the volume of …

This paper extends the Mussa and Rosen (1978) model of quality-pricing under perfect competition. Exporters sell goods … returns to scale and, therefore, supply and the toughness of competition react to cost changes brought about by exchange rate … appreciation, the composition of exports shifts towards higher quality and more expensive goods.> ; We test these predictions using …