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exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange … depreciation of the REER. The other variables considered in the analysis-factor productivity, trade balance, terms of trade, and …
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a Melitz (2003) type productivity term to differentiate firms by the extent of exposure to the demand shock. The idea is … that the effects of the demand shock should be driven by differences in firm-level productivity from the period before the … initial establishment productivity with employment changes over a long panel from 1995 to 2009. The estimates show that the …
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; Gains from Trade ; Total Factor Productivity …
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