Arbeitspapier
Relative prices, trading gains, and real GDI: The case of Canada
Treating imports as intermediate inputs to domestic production, the author adopts the translog function approach to model real gross domestic income (GDI) in Canada over the 19612006 period. She explores the role of price ratios, such as terms of trade and the real effective exchange rate, in explaining changes in real GDI, trade openness, trade balance, and labour share of income, after controlling for factor endowments and technological improvements. Models are developed for both the total economy and the business sector, with alternative assumptions about the flexibility of labour input, user cost of capital, and the representation of technological changes.
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Canada Discussion Paper ; No. 2009-4
- Classification
-
Wirtschaft
Trade: General
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Index Numbers and Aggregation; Leading indicators
Factor Income Distribution
- Subject
-
Productivity
Econometric and statistical methods
Volkseinkommen
Terms of Trade
Wechselkurs
Produktivität
Internationaler Wettbewerb
Ökonometrisches Modell
Kanada
- Event
-
Geistige Schöpfung
- (who)
-
Zheng, Yi
- Event
-
Veröffentlichung
- (who)
-
Bank of Canada
- (where)
-
Ottawa
- (when)
-
2009
- DOI
-
doi:10.34989/sdp-2009-4
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Zheng, Yi
- Bank of Canada
Time of origin
- 2009
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