Multifactor productivity growth measures can be constructed using different input–output concepts. We estimate three distinct productivity growth measures respectively based on gross output, value added, and cash flow and discuss their economic interpretation. By making use of an index theory...

A characteristic feature of contemporary world economy is the development of regional trade groupings in quantitative and qualitative aspects. The groupings have been formed for many years, but the intensification of this process has been particularly evident since the mid-90’s of previous...

Melitz and Ottaviano’s (2008) firm heterogeneity model predicts that trade liberalization induces a selection process from low to high productivity firms, that translates into an industry productivity growth. A similar firms’ selection effect is induced by market size. These predictions are...

In this study, we analyze the effects of trade liberalization and productivity growth in agricultural activities on Turkey by using a dynamic CGE model calibrated to 2008 data. The simulation results suggest that Turkish economy is capable of accommodating the adverse effects of trade...