Comparative Advantage, Exchange Rates, and G-7 Sectoral Trade Balances:
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Bibliographic Details
Main Author: Golub, Stephen S. (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 1994
Series:IMF Working Papers Working Paper No. 94/5
Links:http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
http://elibrary.imf.org/view/IMF001/01310-9781451842111/01310-9781451842111/01310-9781451842111.xml
Abstract: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 time series and cross-section variation in sectoral unit labor costs is decomposed into relative productivity, wage differentials, and exchange rate variations. The main findings are that changes over time in sectoral trade balances, especially for the United States and Japan, are quite well explained by the evolution of unit labor cost, suggesting that trade patterns conform to comparative advantage. The cross-section results are, however, less conclusive
Physical Description:1 Online-Ressource (50 p)
ISBN:1451842112
9781451842111