Global imbalances : the role of non-tradable total factor productivity in advanced economies / / prepared by Pietro Cova ... [et. al.]
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| Autore: |
Cova Pietro
|
| Titolo: |
Global imbalances : the role of non-tradable total factor productivity in advanced economies / / prepared by Pietro Cova ... [et. al.]
|
| Pubblicazione: | [Washington D.C.], : International Monetary Fund, 2009 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (41 p.) |
| Disciplina: | 332.152 |
| Soggetto topico: | Production (Economic theory) |
| Economic development | |
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | Contents; 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 |
| Sommario/riassunto: | 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, 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. |
| Titolo autorizzato: | Global imbalances |
| ISBN: | 1-4623-3257-9 |
| 1-4527-7630-X | |
| 1-282-84284-6 | |
| 1-4518-7210-0 | |
| 9786612842849 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910828521103321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF working paper ; ; WP/09/63.