resourcerich economies - the model reveals that productivity shifts and commodity market trends significantly influence domestic …

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

example, can make the effect of a traded-goods productivity improvement on the real exchange rate negative or positive, as … on the relationship between productivity and the real exchange rate. -- Exchange rates ; Productivity …

This paper analyzes the welfare implications of international spillovers related to productivity gains, changes in …-equilibrium model with monopolistic competition, drawing a distinction between productivity gains from manufacturing efficiency and …

international real business cycle (IRBC) models cannot reproduce this fact. We show that total factor productivity processes for the …

We develop a general equilibrium model of an emerging market economy where productivity growth differentials between …

domestic labor force and intersectoral labor mobility. We propose a contrasting theory of the rich neighborhood effect which …

between UK and EA traded sector total factor productivity (TFP) by estimating a vector error correction model (VECM). To …

emerging and advanced economies. We assess the impact of appreciations, productivity booms and capital inflows surges using a … propensity-score matching approach to address causality issues. We show that appreciations associated with higher productivity …

savings, the RER only depends on productivity spread between sectors (Balassa-Samuelson effect). If the constraint is too … tight and/or domestic savings too low, the RER depends on both net foreign assets (transfer effect) and productivity. We … then analyze the empirical implications of the model and find that, in accordance with the theory, the RER is mainly driven …