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, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth …
Persistent link: https://www.econbiz.de/10013137012
In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
Persistent link: https://www.econbiz.de/10013057413
of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong … quadrupling of the investment to GDP ratio in these economies, one arrives at total factor productivity growth rates, both for the … productivity in these economies is not …
Persistent link: https://www.econbiz.de/10013233017
productivity growth, while the older literature focused on average productivity improvements ("learning"). We use comprehensive … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … productivity gains during the overall 20-year period from 1985 to 2004 were driven largely by improvements in average productivity …
Persistent link: https://www.econbiz.de/10013130973
trade shifts the distribution towards higher average productivity due to entry and exit of firms. These models ignore the … assumption, produce in their 'birth nation.' We show that when firms are allowed to switch locations, new productivity effects … reinforces the big-nation productivity gain while reducing or even reversing the small-nation productivity gain. The small nation …
Persistent link: https://www.econbiz.de/10013131680
through learning by doing. These models imply that increased specialization accelerates productivity growth by more fully … realizing dynamic economies of scale. In order to test the hypothesis that specialization increases productivity growth in LDCs … countries, the index of specialization is positively and significantly correlated with manufacturing productivity growth. We …
Persistent link: https://www.econbiz.de/10013114979
that this dominance is inconsistent with use of a productivity-based allocation of quota licenses by the Chinese government …. Our counterfactual implies that elimination of misallocated quotas raised the overall productivity gain of quota removal …
Persistent link: https://www.econbiz.de/10013119342
markets. This approach explains a variety of features exhibited in disaggregated trade data, including the higher productivity … industry and firm productivity …
Persistent link: https://www.econbiz.de/10013096126
factor productivity, consistent with a theory where immigration increases the variety of skills available for production. We …
Persistent link: https://www.econbiz.de/10013103530
We show that endogenous firm selection provides a new welfare margin for heterogeneous firm models of trade (relative to homogeneous firm models). Under some parameter restrictions, the trade elasticity is constant and is a sufficient statistic for welfare, along with the domestic trade share....
Persistent link: https://www.econbiz.de/10013084723