recommendations to reduce the trade imbalances through productivity-enhancing reforms in advanced economies are likely to yield only …

recommendations to reduce the trade imbalances through productivity-enhancing reforms in advanced economies are likely to yield only …

-192) to an economy with traded and nontraded goods, and it analyzes the impact of country-specific and global productivity … investment to country-specific traded productivity growth. Second, global traded productivity and country-specific nontraded … productivity growth have no effect on the current account, but they have a significant impact on investment. Third, the global …

Economic theory suggests that a permanent rise in terms of trade should result in a permanent rise in the standard of … living. The increase comes from a permanent rise in productivity following an efficient reallocation of resources in a …

Theory suggests a significant positive relationship in long-run equilibrium between net foreign assets (NFA) as a …