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Global Imbalances : : The Role of Non-Tradabletotal Factor Productivity in Advanced Economies / / Alessandro Rebucci, Nicoletta Batini, Pietro Cova, Massimiliano Pisani



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Autore: Rebucci Alessandro Visualizza persona
Titolo: Global Imbalances : : The Role of Non-Tradabletotal Factor Productivity in Advanced Economies / / Alessandro Rebucci, Nicoletta Batini, Pietro Cova, Massimiliano Pisani Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica: 1 online resource (41 p.)
Soggetto topico: Production (Economic theory)
Economic development
Exports and Imports
Foreign Exchange
Production and Operations Management
Production
Cost
Capital and Total Factor Productivity
Capacity
Empirical Studies of Trade
Macroeconomics: Production
Macroeconomics
International economics
Currency
Foreign exchange
Total factor productivity
Trade balance
Productivity
Real effective exchange rates
Trade deficits
International trade
Industrial productivity
Balance of trade
Soggetto geografico: United States
Altri autori: BatiniNicoletta  
CovaPietro  
PisaniMassimiliano  
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  Visualizza cluster
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.: 9910788320203321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2009/063