Restout, Romain - In: Recherches économiques de Louvain 79 (2013) 3, pp. 25-69
This paper addresses the role of markup variations in the transmission process of cross-sectoral productivity … frictionless goods markets predicts that a rise in the sectoral productivity ratio by 1% raises the relative price by 1% while … productivity by 1% raises the relative price of nontradables by only 0.70% and that an increase in government spending by 1% of GDP …