| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4807 |
| 来源ID | Working Paper 4807 |
| Terms of Trade, Productivity, and the Real Exchange Rate | |
| Jose De Gregorio; Holger C. Wolf | |
| 发表日期 | 1994-07-01 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | The paper examines the effects of terms of trade movements and productivity differentials across sectors on the behavior of the real exchange rate. We develop a simple model of a small open economy producing exportable and nontradable goods and consuming importable and nontradable goods and present empirical evidence for a sample of fourteen OECD countries. The evidence broadly supports the predictions of the model, namely that faster productivity growth in the tradable relative to the nontradable sector and an improvement in the terms of trade induce a real appreciation. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w4807 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562209 |
| 推荐引用方式 GB/T 7714 | Jose De Gregorio,Holger C. Wolf. Terms of Trade, Productivity, and the Real Exchange Rate. 1994. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4807.pdf（160KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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