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After the 1980s, capital flows have accelerated in the less developed countries and since Salter's seminal paper in 1959, it has been widely accepted that the real exchange rate respond to capital flows. Based on a simple model derived by Sjaastad and Manzur (1996) along the lines of Salter...
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, the external terms of trade, and productivity in the manufacturing sector. A once-and-for-all unit increase in the ratio …
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growing use of Chinese intermediates on the labour productivity growth in Nordic manufacturing production processes. The main … positive and economically relevant. This productivity effect exists before and after the financial crisis, in all Nordic … their domestic supply chains. Finally, China does not seem to be special: the productivity effect of the growing use of …
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is highly disaggregated at the industry level with an input-output network structure. Measured productivity in the model …-specific, uncorrelated across industries. The bulk of the aggregate fluctuations, including those in aggregate measured productivity, are … data. Our second finding is that about half of the decrease in the cyclicality of measured productivity in the U.S. after …
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Since the early 1990s, there have been larger and increasing labor productivity differences across industries in Japan … productivity performance. …
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