Search Results

You are looking at 1 - 1 of 1 items for :

  • "rainfalls increase TFP" x
  • Financial and monetary sector x
Clear All
Mr. Rodrigo Garcia-Verdu, Alexis Meyer-Cirkel, Akira Sasahara, and Hans Weisfeld

D + ϑ i t Im ϕ i t Im , where the weights are the share of domestic inputs to the total value of inputs, ϑ i t D = I i t D / ( I i t D + I i t I m )   a n d   θ i t I m = I i t I m / ( I i t D + I i t I m ) is the share of imported inputs. We argue that a higher share of imported inputs reduces TFP’s sensitivity to weather shocks. In other words, because higher temperatures reduce TFP, ∂A it /∂Temp it < 0, and rainfalls increase TFP, ∂A it /∂Temp it > 0, we have ∂ 2 A i t ∂ T e m p i t ∂ θ