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010   $a9786612842849
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100   $a20041202d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aGlobal imbalances$b[electronic resource] $ethe role of non-tradable total factor productivity in advanced economies /$fprepared by Pietro Cova ... [et. al.]
210   $a[Washington D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (41 p.)
225 1 $aIMF working paper ;$vWP/09/63
300   $aDescription based upon print version of record.
311   $a1-4519-1645-0 
320   $aIncludes bibliographical references.
327   $aContents; I. Introduction; II. Methodology; A. Mode, Calibration, and Solution; B. TFP Paths; III. Results; IV. Conclusions; Tables; 1. Annual Average Total Factor Productivity Growth by Sector and Country; Figures; 1. Global Merchandise Trade Balances; 2. Total Factor Productivity Paths; 3. Actual and Simulated U.S. Trade Balance; 4. Actual versus Simulated Trade Balances; 5. Actual and Simulated U.S. Real Effective Exchange Rate.; References
330   $aThis paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of the United States, the euro area, and Japan in the emergence and evolution of today's global trade imbalances. Simulation results based on a dynamic general equilibrium model of the world economy, and using the EU KLEMS database, indicate that TFP developments in these economies can account for a significant fraction of the total deterioration in the U.S. trade balance since 1999, as well as account for some the surpluses in the euro area and Japan. Differences in TFP developme
410  0$aIMF working paper ;$vWP/09/63.
606   $aProduction (Economic theory)
606   $aEconomic development
608   $aElectronic books.
615  0$aProduction (Economic theory)
615  0$aEconomic development.
700   $aCova$b Pietro$0940534
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910463679803321
996   $aGlobal imbalances$92120980
997   $aUNINA