Are shocks to the terms of trade shocks to productivity?
نویسندگان
چکیده
منابع مشابه
Are Shocks to the Terms of Trade Shocks to Productivity?
__________________________________________________________________ International trade is frequently thought of as a production technology in which the inputs are exports and the outputs are imports. Exports are transformed into imports at the rate of the price of exports relative to the price of imports: the reciprocal of the terms of trade. Cast this way, a change in the terms of trade acts a...
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Richard Eckaus and Philip Lowe for their help and guidance. This work has benefited from many helpful comments from the participants of the MIT International Economics and Macroeconomics Lunches. I am grateful to Aart Kray and Jaume Ventura for kindly providing me with productivity data. The views expressed are those of the author and should not be attributed to the Reserve Bank of Australia.
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ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2008
ISSN: 1094-2025
DOI: 10.1016/j.red.2008.04.001