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100   $a20020129d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aGlobal Imbalances : $eThe Role of Non-Tradabletotal Factor Productivity in Advanced Economies /$fAlessandro Rebucci, Nicoletta Batini, Pietro Cova, Massimiliano Pisani
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a1 online resource (41 p.)
225 1 $aIMF Working Papers
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 3 $aThis paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of the United States, the euro area, and Japan in the emergence and evolution of today's global trade imbalances. Simulation results based on a dynamic general equilibrium model of the world economy, and using the EU KLEMS database, indicate that TFP developments in these economies can account for a significant fraction of the total deterioration in the U.S. trade balance since 1999, as well as account for some the surpluses in the euro area and Japan. Differences in TFP developments across sectors can also partially explain the evolution of the real effective value of the U.S. dollar during this period.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/063
606   $aProduction (Economic theory)
606   $aEconomic development
606   $aExports and Imports$2imf
606   $aForeign Exchange$2imf
606   $aProduction and Operations Management$2imf
606   $aProduction$2imf
606   $aCost$2imf
606   $aCapital and Total Factor Productivity$2imf
606   $aCapacity$2imf
606   $aEmpirical Studies of Trade$2imf
606   $aMacroeconomics: Production$2imf
606   $aMacroeconomics$2imf
606   $aInternational economics$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aTotal factor productivity$2imf
606   $aTrade balance$2imf
606   $aProductivity$2imf
606   $aReal effective exchange rates$2imf
606   $aTrade deficits$2imf
606   $aInternational trade$2imf
606   $aIndustrial productivity$2imf
606   $aBalance of trade$2imf
607   $aUnited States$2imf
615  0$aProduction (Economic theory)
615  0$aEconomic development.
615  7$aExports and Imports
615  7$aForeign Exchange
615  7$aProduction and Operations Management
615  7$aProduction
615  7$aCost
615  7$aCapital and Total Factor Productivity
615  7$aCapacity
615  7$aEmpirical Studies of Trade
615  7$aMacroeconomics: Production
615  7$aMacroeconomics
615  7$aInternational economics
615  7$aCurrency
615  7$aForeign exchange
615  7$aTotal factor productivity
615  7$aTrade balance
615  7$aProductivity
615  7$aReal effective exchange rates
615  7$aTrade deficits
615  7$aInternational trade
615  7$aIndustrial productivity
615  7$aBalance of trade
700   $aRebucci$b Alessandro$0553516
701   $aBatini$b Nicoletta$01491223
701   $aCova$b Pietro$01513205
701   $aPisani$b Massimiliano$01513206
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788320203321
996   $aGlobal Imbalances$93747513
997   $aUNINA