Little is known about the total factor productivity of the non-tradable sectors in China. In this paper we estimate … than the renminbi real effective exchange rate. We also find the non-tradable sectors have seen much lower productivity … that if productivity growth in the non-tradable sectors remains slow, China will likely see more difficulty in rebalancing …

rationalizes this observation through sectorial differences in intermediate input shares. As aggregate productivity and income grow …

rationalizes this observation through sectorial differences in intermediate input shares. As aggregate productivity and income grow …

rationalizes this observation through sectorial differences in intermediate input shares. As aggregate productivity and income grow …

positive price-income association is attributable, at least partly, to the Balassa-Samuelson productivity differential effect …