Global Imbalances : The Role of Non-Tradabletotal Factor Productivity in Advanced Economies

The Role of Non-Tradabletotal Factor Productivity in Advanced Economies

Global Imbalances : The Role of Non-Tradabletotal Factor Productivity in Advanced Economies
This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of the United States, the euro area, and Japan in the emergence and evolution of today's global trade imbalances. Simulation results based on a dynamic general equilibrium model of the world economy, and using the EU KLEMS database,... READ MORE...

Publication date: March 2009
ISBN 9781451872101
$18.00

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