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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 … 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
We reexamine several bodies of data on the growth of output, labor, and capital, within the context of a model that admits the possibility of an externality to the capital input. The model is an augmented version of Paul Romer's (1987) reformulation of the Solow model. Unlike Romer, however, we...
Persistent link: https://www.econbiz.de/10012475847
In this paper we: (1) estimate the effects of international R&D spillovers on total factor productivity growth of the …
Persistent link: https://www.econbiz.de/10012473032
This study documents a significant inverse relationship between grievance rates and productivity. It is argued in the …
Persistent link: https://www.econbiz.de/10012477723
We develop a simple model of the choice between exploiting a technology in another country via export and via direct …
Persistent link: https://www.econbiz.de/10012473405
) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …
Persistent link: https://www.econbiz.de/10012461957
We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost … and sunk costs, and market power. We compare our measure of aggregate productivity growth to several competing variants … differ substantially from these measures of aggregate productivity growth. We illustrate this using panel data from …
Persistent link: https://www.econbiz.de/10012466784