Gains from trade and measured total factor productivity

AUTOR(ES)

Ferreira, Pedro Cavalcanti

FONTE

Escola de Pós-Graduação em Economia da FGV

DATA DE PUBLICAÇÃO

31/05/2010

RESUMO

We develop and calibrate a model where di¤erences in factor en- dowments lead countries to trade di¤erent goods, so that the existence of international trade changes the sectorial composition of output from one country to another. Gains from trade re ect in total factor produc- tivity. We perform a development decomposition, to assess the impact of trade and barriers to trade on measured TFP. In our sample, the median size of that e¤ect is about 6.5% of output, with a median of 17% and a maximum of 89%. Also, the model predicts that changes in the terms of trade cause a change of productivity, and that e¤ect has an average elasticity of 0.71.

ASSUNTO(S)

produtividade industrial

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