In this paper we review, examine and comment the empirical li terature that relies on cross-country statistical analyses to show that export orientation has a positive and significant impact on total factor productivity growth. We comment the work reviewed along four lines. First, we address the...

We explore whether modelling parameter time variation improves the point, interval and density forecasts of nine major exchange rates vis-a-vis the US dollar over the period 1976-2015. We find that modelling parameter time variation is needed for an accurate calibration of forecast confidence...