Trade in intermediate goods and total factor productivity

Autor:	Trejos, Alberto, Ferreira, Pedro Cavalcanti
Přispěvatelé:	Escolas::EPGE, FGV
Jazyk:	angličtina
Rok vydání:	2008
Předmět:	Heckscher-Ohlin Productivity differences Development decomposition Comércio exterior Relações de troca (Economia) Comércio Economia Gains from openness Terms of trade
Zdroj:	Repositório Institucional do FGV (FGV Repositório Digital) Fundação Getulio Vargas (FGV) instacron:FGV
Popis:	We develop and calibrate a model where differences in factor endowments lead countries to trade intermediate goods, and gains from trade reflect in total factor productivity. We perform several output and growth decompositions, to assess the impact that barriers to trade, as well as changes in terms of trade, have on measured TFP. We find that for very poor economies gains from trade are large, in some cases representing a doubling of GDP. Also, that an improvement in the terms of trade - by allowing the use of a better mix of intermediate inputs in the production process - translates into productivity growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::6ded4d166cfe3a3acb91eda0bdfe7e83 Zobrazit plný text záznamu