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, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth …
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productivity area. However, FDI behaves peculiarly, as most are targeted towards developed countries where excess competition … drives down returns and ultimately productivity. On the contrary, it shy in developing countries where one has more …. In particular, we focused on productivity, trade openness, financial liberalization, and institutions. Macro-level data …
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In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
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obtain larger productivity gains from trade liberalization than previously thought. …
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Various studies showed that total factor productivity (TFP) has not been a source of growth in the Philippines. It … rather than on increasing use of factor inputs. Total factor productivity improvement is the only route to sustain economic … growth in the long run. After a brief review of economic growth and productivity dynamics of the Philippine economy in the …
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, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth …
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