Comparative Advantage, Exchange Rates, and G-7 Sectoral Trade Balances /
This paper uses a Ricardian framework to clarify the role of microeconomic and macroeconomic factors governing the time series and cross-section behavior of sectoral trade balances. Unit labor costs and trade balances are calculated for several sectors for the seven major industrial countries. The t...
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1994.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1994/005 |
| Online adgang: | Full text available on IMF |