We quantify the causal effect of foreign investment on total factor productivity (TFP) using a new global firm … domestic firms, we calculate the aggregate impact of foreign investment on country-level productivity growth and find it to be …

: their productivity level and its export status. In line with theories and empirical evidence on the absorptive capacity of …

), but suggests a strong cross-firm association of FDI wage premia with similar differentials in productivity. …We estimate the effects of foreign direct investment (FDI) acquisitions on firm-average and worker-specific wages using …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations … (industries or firms) to aggregate welfare using readily available TFP data. Based on this finding, we compute firm and industry …

total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …

international real business cycle (IRBC) models cannot reproduce this fact. We show that total factor productivity processes for the …

are also reported on. The first shows that cointegration vector parameter estimation error is crucial when using VEC … alternative models, due to parameter estimation error, indicating that caution needs to be exercised when interpreting the results …

interdependencies between the terms of trade and economic growth are offered: the home market effect and the productivity shock effect …. These two effects are tested against each other in a cointegration analysis for Japan and the US from 1957 until 1997 …

. Employing Johansen's multivariate cointegration approach, it investigates for ten selected SSA countries the long-run effect of … those cases where cointegration relationships are found – estimated supply elasticities tend to lie between 0.20 and 0 …