About This Item

Ask the MINDS@UW Librarian

Doomed to Deficits? Aggregate U.S. Trade Flows Re-Examined

Show full item record

File(s):

Author(s)
Chinn, Menzie D.
Date
2005
Series
La Follette School Working Papers
Abstract
This paper examines the stability of import and export demand functions for the United States from the first quarter of 1975 to the second quarter of 2001. Analysis readily identifies an export demand function, with a structural break in the import demand function in 1995 that is rectified by excluding computers and parts from the import series. The resulting point estimates confirm the persistence of the income asymmetry. One policy implication of these findings is that dollar depreciation unaccompanied by a realignment of growth trends is insufficient to substantially reduce the U.S. trade deficit.
Permanent link
http://digital.library.wisc.edu/1793/36204 
Export
Export to RefWorks 
‚Äč

Part of

Show full item record

Search and browse




About MINDS@UW

Deposit materials

  1. Register to deposit in MINDS@UW
  2. Need deposit privileges? Contact us.
  3. Already registered? Have deposit privileges? Deposit materials.