Replication data for: Effects of Terms of Trade Gains and Tariff Changes on the Measurement of US Productivity Growth
Principal Investigator(s): View help for Principal Investigator(s) Robert C. Feenstra; Benjamin R. Mandel; Marshall B. Reinsdorf; Matthew J. Slaughter
Version: View help for Version V1
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Project Citation:
Feenstra, Robert C., Mandel, Benjamin R., Reinsdorf, Marshall B., and Slaughter, Matthew J. Replication data for: Effects of Terms of Trade Gains and Tariff Changes on the Measurement of US Productivity Growth. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114814V1
Project Description
Summary:
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The acceleration in US productivity growth since 1995 is often attributed to declining prices for information technology (IT ) goods, and therefore enhanced productivity growth in that sector. We investigate an alternative explanation for these IT price movements: gains in the US terms of trade and tariff reductions, especially for IT products, which led to greater gains than shown by official indexes. We do not, however, investigate the indexes used to deflate the domestic absorption components of GDP, and if upward biases are present in those indexes that could offset some of the effects of mismeasured export and import indexes. (JEL C43, E23, F13, F14, J24)
Scope of Project
JEL Classification:
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C43 Index Numbers and Aggregation; Leading indicators
E23 Macroeconomics: Production
F13 Trade Policy; International Trade Organizations
F14 Empirical Studies of Trade
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
C43 Index Numbers and Aggregation; Leading indicators
E23 Macroeconomics: Production
F13 Trade Policy; International Trade Organizations
F14 Empirical Studies of Trade
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
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