FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2093832679> ?p ?o ?g. }

• W2093832679 endingPage "13" @default.
• W2093832679 startingPage "1" @default.
• W2093832679 abstract "The large current account deficit of the U.S. is the result of a large deficit in the goods balance and a modest surplus in the service balance. The opposite is true for Japan, Germany, and China. Moreover, I document the emergence from the mid-nineties of a strong negative relation between specialization in the export of services and the current account balances of a large sample of OECD and developing countries. Starting from these new stylized facts, I propose in this paper a service hypothesis for global imbalances, a new explanation based on the interplay between the U.S. comparative advantage in services and the asymmetric trade liberalization process in goods trade versus service trade that took place starting in the mid-nineties. First, I use a structural gravity model to show that service trade liberalization lagged behind goods trade liberalization, and I quantify the extent of this asymmetry. Second, I show that a simple two-period model can rationalize the emergence of current account deficits in the presence of such asymmetric liberalization. The key inter-temporal mechanism is the asymmetric timing of trade policies, which affects saving decisions. Finally, I explore the quantitative relevance of this explanation for global imbalances. I introduce trade costs in an otherwise standard 2-sector 2-country international real business cycle model. When fed with the asymmetric trade liberalization path found in the data, the model generates a trade deficit of about 5% of GDP. I conclude that the service hypothesis for global imbalances is quantitatively relevant." @default.
• W2093832679 created "2016-06-24" @default.
• W2093832679 creator A5004022150 @default.
• W2093832679 date "2014-01-01" @default.
• W2093832679 modified "2023-10-16" @default.
• W2093832679 title "Comparative advantage, service trade, and global imbalances" @default.
• W2093832679 cites W1521409484 @default.
• W2093832679 cites W1994097978 @default.
• W2093832679 cites W2021587752 @default.
• W2093832679 cites W2031708378 @default.
• W2093832679 cites W2032911731 @default.
• W2093832679 cites W2040455415 @default.
• W2093832679 cites W2073343267 @default.
• W2093832679 cites W2097987837 @default.
• W2093832679 cites W2100130392 @default.
• W2093832679 cites W2132620909 @default.
• W2093832679 cites W2134311491 @default.
• W2093832679 cites W2135270652 @default.
• W2093832679 cites W2137016177 @default.
• W2093832679 cites W2150667634 @default.
• W2093832679 cites W2153428958 @default.
• W2093832679 cites W2159437739 @default.
• W2093832679 cites W2160049440 @default.
• W2093832679 cites W2160134375 @default.
• W2093832679 cites W3094234085 @default.
• W2093832679 cites W3123216366 @default.
• W2093832679 cites W3124731170 @default.
• W2093832679 cites W3124738747 @default.
• W2093832679 cites W3124756091 @default.
• W2093832679 cites W3125033168 @default.
• W2093832679 cites W3125124862 @default.
• W2093832679 cites W3125442684 @default.
• W2093832679 cites W4231045030 @default.
• W2093832679 cites W4249920418 @default.
• W2093832679 doi "https://doi.org/10.1016/j.jinteco.2013.11.004" @default.
• W2093832679 hasPublicationYear "2014" @default.
• W2093832679 type Work @default.
• W2093832679 sameAs 2093832679 @default.
• W2093832679 citedByCount "42" @default.
• W2093832679 countsByYear W20938326792013 @default.
• W2093832679 countsByYear W20938326792014 @default.
• W2093832679 countsByYear W20938326792015 @default.
• W2093832679 countsByYear W20938326792016 @default.
• W2093832679 countsByYear W20938326792017 @default.
• W2093832679 countsByYear W20938326792018 @default.
• W2093832679 countsByYear W20938326792019 @default.
• W2093832679 countsByYear W20938326792020 @default.
• W2093832679 countsByYear W20938326792021 @default.
• W2093832679 countsByYear W20938326792022 @default.
• W2093832679 countsByYear W20938326792023 @default.
• W2093832679 crossrefType "journal-article" @default.
• W2093832679 hasAuthorship W2093832679A5004022150 @default.
• W2093832679 hasBestOaLocation W20938326792 @default.
• W2093832679 hasConcept C136264566 @default.
• W2093832679 hasConcept C139719470 @default.
• W2093832679 hasConcept C155202549 @default.
• W2093832679 hasConcept C162324750 @default.
• W2093832679 hasConcept C182769425 @default.
• W2093832679 hasConcept C18547055 @default.
• W2093832679 hasConcept C187452473 @default.
• W2093832679 hasConcept C22674136 @default.
• W2093832679 hasConcept C27254500 @default.
• W2093832679 hasConcept C2776988154 @default.
• W2093832679 hasConcept C2781138619 @default.
• W2093832679 hasConcept C34447519 @default.
• W2093832679 hasConcept C35532855 @default.
• W2093832679 hasConcept C38935604 @default.
• W2093832679 hasConcept C52092804 @default.
• W2093832679 hasConcept C58823610 @default.
• W2093832679 hasConcept C76474335 @default.
• W2093832679 hasConceptScore W2093832679C136264566 @default.
• W2093832679 hasConceptScore W2093832679C139719470 @default.
• W2093832679 hasConceptScore W2093832679C155202549 @default.
• W2093832679 hasConceptScore W2093832679C162324750 @default.
• W2093832679 hasConceptScore W2093832679C182769425 @default.
• W2093832679 hasConceptScore W2093832679C18547055 @default.
• W2093832679 hasConceptScore W2093832679C187452473 @default.
• W2093832679 hasConceptScore W2093832679C22674136 @default.
• W2093832679 hasConceptScore W2093832679C27254500 @default.
• W2093832679 hasConceptScore W2093832679C2776988154 @default.
• W2093832679 hasConceptScore W2093832679C2781138619 @default.
• W2093832679 hasConceptScore W2093832679C34447519 @default.
• W2093832679 hasConceptScore W2093832679C35532855 @default.
• W2093832679 hasConceptScore W2093832679C38935604 @default.
• W2093832679 hasConceptScore W2093832679C52092804 @default.
• W2093832679 hasConceptScore W2093832679C58823610 @default.
• W2093832679 hasConceptScore W2093832679C76474335 @default.
• W2093832679 hasIssue "1" @default.
• W2093832679 hasLocation W20938326791 @default.
• W2093832679 hasLocation W20938326792 @default.
• W2093832679 hasOpenAccess W2093832679 @default.
• W2093832679 hasPrimaryLocation W20938326791 @default.
• W2093832679 hasRelatedWork W2144136340 @default.
• W2093832679 hasRelatedWork W2297206979 @default.
• W2093832679 hasRelatedWork W2352034525 @default.
• W2093832679 hasRelatedWork W2392750637 @default.
• W2093832679 hasRelatedWork W2477610526 @default.
• W2093832679 hasRelatedWork W2602974928 @default.

• next