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We reassess exchange rate prediction using a wider set of models that have been proposed in the last decade. The performance of these models is compared against two reference specifications-purchasing power parity and the sticky-price monetary model. The models are estimated in first-difference...
Persistent link: https://www.econbiz.de/10005263978
This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. It …
Persistent link: https://www.econbiz.de/10005264046
used determinants of total factor productivity, a measure of the effect of labor reallocation and an index of economic … suggest that growth will depend, to a large extent, on educational investments and productivity gains in agriculture. …
Persistent link: https://www.econbiz.de/10005264099
models featuring Epstein-Zin preferences and affine dynamics for productivity growth and volatility. The method relies on log …
Persistent link: https://www.econbiz.de/10008727787
This paper employs newly constructed measures for productivity differentials, external imbalances, and commodity terms …-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …
Persistent link: https://www.econbiz.de/10005825636
measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the …
Persistent link: https://www.econbiz.de/10005825862
growth suggests Balassa-Samuelson factors at play. However, after 1990, the tradable-nontradable labor productivity gap, the …
Persistent link: https://www.econbiz.de/10005826517
-related income, productivity and net foreign assets, but, at odds with the conventional wisdom, depreciates with higher government …
Persistent link: https://www.econbiz.de/10005826611
This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The … analysis shows that labor productivity may temporarily fall below trend after technological progress. However, the effects on … productivity differ between the pre- and post-World War II periods. The pre-war period shows evidence of a productivity slowdown as …
Persistent link: https://www.econbiz.de/10005768749
characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that …
Persistent link: https://www.econbiz.de/10005768791