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channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in … that aggregates these micro gains to obtain an estimate of trade on productivity growth for each country. We find that in … the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …
Persistent link: https://www.econbiz.de/10012466154
appreciation because of differential productivity growth between tradable and nontradable sectors) using data of the APEC economies …. Japan, Korea, Taiwan and, to a lesser extent, Hong Kong and Singapore, were proved to follow the Balassa-Samuelson path … Kong and Singapore grew fast, their real exchange rates appreciated only moderately. High productivity growth in service …
Persistent link: https://www.econbiz.de/10012472842
faster productivity growth. Although the use of instrumental variables goes a long way towards dealing with endogeneity …
Persistent link: https://www.econbiz.de/10012472843
has led many economists to believe that productivity growth in these economies, particularly in their manufacturing … productivity) gains from an outward orientation. This view fails to take into account the equally unusual rapid growth of both … envelope calculations to show that, as regards productivity growth in the aggregate economy and in manufacturing in particular …
Persistent link: https://www.econbiz.de/10012474463
In this paper I use a cross country data set to analyze the relationship between trade orientation, trade distortions and growth. I first develop a simple endogenous growth model that emphasizes the process of technological absorption in small developing countries. According to this model...
Persistent link: https://www.econbiz.de/10012475291
Taiwan was perhaps the first developing country to adopt an export-oriented trade strategy after World War II. The …. In 1954, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal … later, a leading policymaker, K. Y. Yin, fought for the adoption of Tsiang's proposal, helping clear the way for Taiwan …
Persistent link: https://www.econbiz.de/10012629518
The export booms in South Korea and Taiwan starting in the early 1960s are anomalous when compared with later export … than its instigator. In economies like South Korea and Taiwan, an increase in investment required an increase in imports of …
Persistent link: https://www.econbiz.de/10012473530
Most explanations of Korea's and Taiwan's economic growth since the early 1960s place heavy emphasis on export …
Persistent link: https://www.econbiz.de/10012473935
A positive correlation between productivity and export market participation has been well documented in producer micro … investment activities, particularly investments in R&D or new technology, that both raise productivity and increase the payoff to … set of interactions between R&D, exporting, and productivity. The self- selection of high productivity plants is the …
Persistent link: https://www.econbiz.de/10012463977
This paper examines two potential channels of knowledge acquisition that underlie firm productivity growth in the … effects of these investments on the firm's future total factor productivity. The empirical model consists of four equations … firm's future productivity trajectory while controlling for the potential selection bias introduced by endogenous firm exit …
Persistent link: https://www.econbiz.de/10012466897