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GROWTH ACCOUNTING IN THE OPEN ECONOMY: PARAMETRIC AND NONPARAMETRIC ESTIMATES
The purpose of this paper is to identify the individual contributions of the major factors explaining u.S. nominal GNP growth in an open-economy setting: technological change, increases in theExpand
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Real GDP, real domestic income, and terms-of-trade changes
Real GDP tends to underestimate the increase in real domestic income and welfare when the terms of trade improve. An improvement in the terms of trade is similar to a technological progress, but whenExpand
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A gross national product function and the derived demand for imports and supply of exports
The substitution possibilities between Canadian imports, exports, and domestic inputs or outputs are modelled. Import demand anid export supply functions are derived from a representation of theExpand
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Technology, duality, and foreign trade : the GNP function approach to modeling imports and exports / Ulrich Kohli
Part 1 Theoretical concepts: the duality between production and cost functions joint cost functions and variable profit functions non-jointness and separability. Part 2 The GNP function approach toExpand
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A SYMMETRIC NORMALIZED QUADRATIC GNP FUNCTION AND THE U.S. DEMAND FOR IMPORTS AND SUPPLY OF EXPORTS
This paper reports estimates of a GNP function for the United States using data covering most of the postwar period and it introduces a new functional form, the symmetric normalized quadra ticExpand
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GDP Growth Accounting: A National Income Function Approach
In this paper, we provide a decomposition of GDP growth that is complete and exact for the translog national income function and for the Tornqvist index of real GDP. The contributions of changes inExpand
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Real GDP, Real GDI and Trading Gains: Canada, 1981-2005
Real gross domestic product (GDP) fails to account for the trading gains and losses that result from changes in the terms of trade and in the real exchange rate (the price of tradables relative toExpand
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Accounting for South Korean GDP Growth: Index‐Number and Econometric Estimates
The paper estimates the contribution of each one of the major determinants of South-Korean nominal GDP growth: technological change, movements in the terms of trade, increases in the endowments ofExpand
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Import Price Uncertainty and the Distribution of Income
In this paper we estimate oil and nonoil import demand functions for the United States under the assumption that import prices are uncertain. Both import demand functions are formally derived from anExpand
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Production theory, technological change, and the demand for imports
Aggregate import demand functions for Switzerland 1948–1976, are estimated jointly with the supply and/or demand functions for domestic outputs and inputs. Joint estimation not only yields moreExpand
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