6533b7dbfe1ef96bd12708ba

RESEARCH PRODUCT

Trade in final goods and the impact of innovation

Dolores Añón HigónPaul Stoneman

subject

Economic integrationMacroeconomicsEconomics and EconometricsTotal factor productivity growthmedia_common.quotation_subjectEconomicsInternational economicsTerms of tradeTrade barrierWelfareFinancemedia_common

description

Abstract 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.

https://doi.org/10.1016/j.econlet.2010.11.042