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Productive Development Policies in Latin America and the Caribbean : The Case of Mexico

Baz, Veronica - 2011

While Mexico has potential to grow rapidly, its economic growth has remained low for the past three decades. There is …

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Are shocks to the terms of trade shocks to productivity?

Kehoe, Timothy Jerome; Ruhl, Kim J. - 2007

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Are shocks to the terms of trade shocks to productivity?

Kehoe, Timothy Jerome; Ruhl, Kim - 2007

International trade is frequently thought of as a production technology in which the inputs are exports and the outputs are imports. Exports are transformed into imports at the rate of the price of exports relative to the price of imports: the reciprocal of the terms of trade. Cast this way, a...