Extension I: Imports in Exports In the NAWM exports are domestically produced (Not like C or I ). Israel: Export weight in GDP – 36%. Estimates of imp
{"Image DocumentName": "Extension I: Imports in Exports", "Image ImageDescription": "In the NAWM exports are domestically produced (Not like C or I). Israel: Export weight in GDP \u2013 36%. Estimates of import intensiveness in exports are around 30%. To model the use of imported intermediate goods in the production of exports: Not enough to model exports like other final goods (C, I) that are produced with domestic and imported intermediate goods. We also want to maintain assumption of Local Currency Pricing. Solution: Two stage production of exports: First stage: CES aggregation of domestic and imported intermediate goods (like C and I). Second stage: Then brand-naming and monopolistic competition with Calvo (1983) price rigidity.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}