Effects of Terms of Trade Gains and Tariff Changes on the Measurement of U.S. Productivity Growth
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Since 1995, growth in productivity in the United States appears to have accelerated dramatically. In this paper, we argue that part of this apparent speed-up actually represents gains in the terms of trade and tariff reductions, especially for information-technology products. We demonstrate how
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美国国家经济研究局创建时间：
2009-12-01
