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Real effective exchange rate (REER) imbalances may affect economic growth by altering the allocation of labour and capital across sectors. This study assesses whether the component of inter-sectoral production factor misallocation induced by REER misalignments significantly hinders economic...
Persistent link: https://www.econbiz.de/10014255788
This paper studies the trade of China in the past 150 years, starting from the first opening of China after the Opium War. The main purpose of the paper is to identify what is (and was) China's 'normal' level of foreign trade, and how these levels changed under different trade regimes, from 1840...
Persistent link: https://www.econbiz.de/10008727846
It is often claimed that what is popularly known as the "flying geese paradigm" of dynamic comparative advantage has accurately depicted the East Asian catching-up process. This paper presents a critical study of the paradigm, as well as its application to the current situation in East Asia...
Persistent link: https://www.econbiz.de/10008543780
This paper examines the impact on TFP in Latin America and the Caribbean (LAC) and in other developing countries (DEV) of trade-related foreign R&D (NRD), education and governance. The measures of NRD are constructed based on industry-specific R&D in the North, North-South trade patterns, and...
Persistent link: https://www.econbiz.de/10003965601
This paper examines the impact on TFP in Latin America and the Caribbean (LAC) and in other developing countries (DEV) of trade-related foreign R&D (NRD), education and governance. The measures of NRD are constructed based on industry-specific R&D in the North, North-South trade patterns, and...
Persistent link: https://www.econbiz.de/10013115986
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis … productivity slowdown over the past two decades in four closely integrated European countries, Austria, Denmark, Germany and the … Netherlands, based on firm-level data. Participation in global value chains appears to have affected productivity positively …
Persistent link: https://www.econbiz.de/10012840610
larger productivity gains from trade liberalization than previously thought …
Persistent link: https://www.econbiz.de/10013325305
The paper presents a detailed industry-level productivity analysis (52 industries) for the effects of industry … industry structure and productivity growth of an industry. The analysis reveals positive effects of vertically disintegrated … analysis is the recently collected productivity database for Germany. The Ifo Productivity Database, which is unique due to its …
Persistent link: https://www.econbiz.de/10010312137
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011398011
gains in labor productivity in recent decades in many developing countries. This paper offers a new perspective into the …. We argue that subnational differences in the intersectoral productivity gap between the nonfarm informal and formal … sectors constrain the productivity gain from structural transformation. In Ghana, intersectoral productivity gaps among the …
Persistent link: https://www.econbiz.de/10012519218