当相对劳动生产率、贸易条件、开放度以及实际货币供给超过各自相应临界值时,这些经济要素变量对汇率的影响会下降很多甚至不再影响汇率;
Once the economic variables transcend their corresponding threshold, their impact on exchange rate will decline a lot, what's more, maybe the impact will diminish.
廉价农民工供给趋于枯竭,而越来越多的人就业于劳动生产率进步相对困难的服务业。
The supply of cheap agricultural labour dries up and a rising number of workers take jobs in the service sector, where productivity improvements are more difficult to achieve.
分工提高劳动生产率,提高人的经济价值和人力资本的相对价格,从而导致制度变迁。
The division put up labor productivity, a people's financial worth and relative price of human capital, and this gives rise to institutional change.
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