Trade in final goods and the impact of innovation
This paper analyses how innovations in imported final goods impact via terms of trade effects upon welfare growth in the domestic economy. It is shown that the impacts, although differing across countries, are quantitatively significant and worthy of further consideration.
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- Robert C. Feenstra & Alan Heston & Marcel P. Timmer & Haiyan Deng, 2009.
"Estimating Real Production and Expenditures across Nations: A Proposal for Improving the Penn World Tables,"
The Review of Economics and Statistics,
MIT Press, vol. 91(1), pages 201-212, February.
- Feenstra, Robert C. & Heston, Alan & Timmer, Marcel P. & Deng, Haiyan, 2007. "Estimating Real Production and Expenditures Across Nations: A Proposal for Improving the Penn World Tables," GGDC Research Memorandum GD-95, Groningen Growth and Development Centre, University of Groningen.
- Feenstra, Robert C. & Heston, Alan & Timmer, Marcel P. & Deng, Haiyan, 2007. "Estimating real production and expenditures across nations : a proposal for improving the Penn World Tables," Policy Research Working Paper Series 4166, The World Bank.
- Robert C. Feenstra & Alan Heston & Marcel P. Timmer & Haiyan Deng, 2004. "Estimating Real Production and Expenditures Across Nations: A Proposal for Improving the Penn World Tables," NBER Working Papers 10866, National Bureau of Economic Research, Inc.
- Marcel P. Timmer & Mary O’Mahony & Bart van Ark, 2007. "EU KLEMS Growth and Productivity Accounts: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 71-85, Spring.
- Diewert, Erwin, 2008. "Changes in the Terms of Trade and Canada's Productivity Performance," Economics working papers diewert-08-03-11-11-03-49, Vancouver School of Economics, revised 18 Jul 2008.
- Gopinath, Munisamy & Kennedy, P. Lynn & Roe, Terry L., 1995. "Trade, growth, and welfare linkages in North America: An empirical analysis," The North American Journal of Economics and Finance, Elsevier, vol. 6(2), pages 189-201.
- Charles R. Hulten, 2001. "Total Factor Productivity: A Short Biography," NBER Chapters, in: New Developments in Productivity Analysis, pages 1-54 National Bureau of Economic Research, Inc.
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