Comparative Advantage, Exchange Rates, and Sectoral Trade Balances of Major Industrial Countries

Article OPEN
Stephen S. Golub;
(1994)
  • Journal: Staff Papers - International Monetary Fund,volume 41,issue 2 June,pages286-313
  • Subject:
    • jel: jel:F14 | jel:F32

This paper uses a Ricardian framework to clarify the role of microeconomic and macroeconomic factors governing the time-series and cross-sectional behavior of sectoral trade balances. Unit labor costs and trade balances are calculated for several sectors for the seven m... View more
Share - Bookmark