require a substantial increase in multifactor productivity growth. In our third simulation, we model the size of the increase … in multifactor productivity necessary to offset the forecast declining terms of trade, rising dependency ratio, and other … forecast economic challenges. We find that the required rate of productivity growth, at 1.96% p.a., is of a level not seen in …

In this article, we disentangle the relationship between the skill premium, trade liberalization and productivity … Accounting Matrices, Household Budget Surveys and the EU KLEMS Growth and Productivity Accounts database, we calibrate it to …. While productivity changes account for only a small fraction of the skill premium increases during 1995 and 2000, they …

export markets. Nonetheless, it induces productivity improvements when local producers survive import competition by seeking …