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 …

The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined … relative productivity ratios, one finds a relationship for Japan, Malaysia, and the Philippines. Only when augmenting the … productivity variables, as well as other demand side factors, are less encouraging, except for a small subset of countries …

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 …

appreciation because of differential productivity growth between tradable and nontradable sectors) using data of the APEC economies … Kong and Singapore grew fast, their real exchange rates appreciated only moderately. High productivity growth in service …

indicator, estimation technique, time period and functional form, and suggest that more open countries have indeed experienced … faster productivity growth. Although the use of instrumental variables goes a long way towards dealing with endogeneity …

method of estimation, to correction for errors in variables and for the deletion of outliers. I finally argue that future …