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| Teweldemedhin, M.Y.; van Schalkwyk, Herman D.. |
| This study attempts to examine the empirical relationship between trade and total factor productivity (TFP) in the agricultural sector using both cross -sectiona, (across nine agricultural commodities), and time -series analysis. The Error Correction Model of ordinary least square (OLS) results from the cross -sectional analysis confirm that export shares and capital formation were found to be positive and significant; whereas, import shares and real exchange rate were found to be related negatively. However, the net effect of export and import shares had a positive effect. This implies that trade liberalisation causes productivity gains. Moreover, the time -series analysis goes in the same direction as the cross -sectional results, showing that there is a... |
| Tipo: Journal Article |
Palavras-chave: TFP; OLS; Trade liberalization or degree of openness; Capital formation; International Relations/Trade. |
| Ano: 2010 |
URL: http://purl.umn.edu/95963 |
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