Effective Trade Costs and the Current Account : An Empirical Analysis /

A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries spec...

Полное описание

Библиографические подробности
Главный автор: Boz, Emine
Другие авторы: Li, Nan, Zhang, Hongrui
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2019.
Серии:IMF Working Papers; Working Paper ; No. 2019/008
Online-ссылка:Full text available on IMF
LEADER 02063cas a2200265 a 4500
001 AALejournalIMF018983
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781484392171 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Boz, Emine. 
245 1 0 |a Effective Trade Costs and the Current Account :   |b An Empirical Analysis /  |c Emine Boz, Nan Li, Hongrui Zhang. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2019. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries specializing in low trade cost sectors, such as manufacturing, tend to run current account surpluses. To test this view, we first infer comparative advantages and trade costs, by sector, within a large sample of countries for the period 1970-2014. Then we construct effective trade costs-trade costs weighted by sectoral comparative advantage-to gauge the height of a country's overall trade costs. Results reveal that, although higher effective exporting costs are associated with lower current account balances, their impact is quantitatively limited; furthermore, the effective costs of importing often have no statistically significant effect. 
538 |a Mode of access: Internet 
700 1 |a Li, Nan. 
700 1 |a Zhang, Hongrui. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/008 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/008/001.2019.issue-008-en.xml  |z IMF e-Library