total factor productivity growth in Korea, Mexico, and Jordan. Measures of foreign research and development are constructed … the South. The findings show that technology diffusion and productivity gains tend to be regional. Jordan benefits mainly … from trade with the European Union, Korea from trade with Japan, and Mexico from trade with North America. In other words …

: the reciprocal of the terms of trade. Cast this way, a change in the terms of trade acts as a productivity shock. Or does … then generalizing, we show that changes in the terms of trade have no first-order effect on productivity when output is …