Trade in intermediate goods and total factor productivity
Data(s) |
15/05/2008
23/09/2010
15/05/2008
23/09/2010
09/05/2008
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Resumo |
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. |
Identificador | |
Relação |
Ensaios Econômicos;676 |
Palavras-Chave | #Productivity differences #Gains from openness #Terms of trade #Development decomposition #Heckscher-Ohlin #Economia #Termos de troca #Comércio exterior #Comércio |
Tipo |
Working Paper |
Publicador |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |