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

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Stephen S. Golub;
  • Journal: Staff Papers - International Monetary Fund, volume 41, issue 2 June, pages 286-313
  • 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
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