Morrison Paul, Catherine J.; Diewert, W. Erwin - 2021
and productivity for changes in a country's terms of trade. We apply this procedure to a comparison of two major … industrialized countries, the U.S. and Japan. The approach is based on assessing the impact on, alternatively, production or final … comparison is carried out for a relatively open economy, Japan, with an economy that may not be as vulnerable to terms of trade …