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This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a … panel of 56 countries spanning 1989–2012. The level of productivity in each sector is defined as real value added per … more disaggregated industry source data; and (ii) it allows for meaningful comparisons of the level of productivity across …
Persistent link: https://www.econbiz.de/10011242200
rate parity, productivity based models, and a composite specification. The performance of these models is compared against …
Persistent link: https://www.econbiz.de/10011211976
This Selected Issues Paper and Statistical Appendix for Niger are discussed. The Nigerien economic outlook has been improving since 1999. After a long period of decline in per capita income, growth accelerated through 2007, attaining an annual average of 4 percent, or about 1 percent in per...
Persistent link: https://www.econbiz.de/10011245770
We reassess exchange rate prediction using a wider set of models that have been proposed in the last decade. The performance of these models is compared against two reference specifications-purchasing power parity and the sticky-price monetary model. The models are estimated in first-difference...
Persistent link: https://www.econbiz.de/10005263978
directly via the effect of productivity, one possible explanation is that PER Capita GDP is not good explanation for … productivity (.i.e. Labor productivity) differences; an increase (decrease) in relative efficiency of the distribution sector with … achieved. Model implies German Labor productivity to UK Labor productivity ratio doesn’t have significant influence on …
Persistent link: https://www.econbiz.de/10009325645
The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined …. Using sectoral output and employment data, relative prices and relative productivity levels are calculated for China … rates and relative productivity ratios, one finds a relationship for Japan, Malaysia, the Philippines. Only when augmenting …
Persistent link: https://www.econbiz.de/10010727668
The productivity is possible measure by different defined type of productivity indicators with considerable differences … analysis’s range. For comparison productivity at the national level is better to use aggregates at constant prices, which show … us the level and growth rate of physical product. For comparison productivity at the international level is better to use …
Persistent link: https://www.econbiz.de/10010638551
The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined …. Using sectoral output and employment data, relative prices and relative productivity levels are calculated for China … rates and relative productivity ratios, one finds a relationship for Japan, Malaysia, the Philippines. Only when augmenting …
Persistent link: https://www.econbiz.de/10005839490
The paper surveys empirical evidence on the Harrod-Balassa-Samuelson effect. The survey encompasses the published empirical work on the phenomenon since its (re)discovery in 1964. In total, 58 empirical papers are examined within a specialized analytical framework. The body of empirical evidence...
Persistent link: https://www.econbiz.de/10005673447
In this paper we present an overview of a number of issues relating to the equilibrium exchange rates of transition economies of the former soviet bloc. In particular, we present a critical overview of the various methods available for calculating equilibrium exchange rates and discuss how...
Persistent link: https://www.econbiz.de/10005784651