Borrowing constraints and the trade balance–output comovement
نویسندگان
چکیده
منابع مشابه
Borrowing constraints and the trade balance¬タモoutput comovement ¬リニ
a r t i c l e i n f o The countercyclical trade balance ratio is among the key stylized facts about open economies. The magnitude of the correlation between the trade balance and output, however, differs from country to country. In particular , the trade balance ratio is more negatively correlated with output in emerging economies than in developed economies, suggesting that the trade balance i...
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ژورنال
عنوان ژورنال: Economic Modelling
سال: 2013
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2013.01.024