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We study how opening to trade affects economic growth in a model where heterogeneous firms can adopt new technologies already in use by other firms in their home country. We characterize the growth rate using a summary statistic of the profit distribution—the mean-min ratio. Opening to trade...
Persistent link: https://www.econbiz.de/10013029555
productivity growth. Our findings on Japan suggest that the salutary impact of imports stems more from their contribution to …
Persistent link: https://www.econbiz.de/10013229057
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/10013235880
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/10013229824
faster productivity growth. Although the use of instrumental variables goes a long way towards dealing with endogeneity …
Persistent link: https://www.econbiz.de/10013230185
Many studies have found a positive correlation between trade and growth, but do not attempt to identify the economic mechanisms involved. This paper attempts to identify one of the mechanisms linking trade and growth. In particular, we present a novel theoretical model that establishes a link...
Persistent link: https://www.econbiz.de/10013232436
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/10012760652
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/10013218320
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/10013217208
, the evidence of self-selection on the basis of productivity is much weaker. In addition, unlike Taiwan, we find no …While there is widespread empirical evidence indicating exporting producers have higher productivity than nonexporters … methods, inputs, and product designs from their international contacts, and this learning results in higher productivity for …
Persistent link: https://www.econbiz.de/10013225131