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Article: A quantitative assessment of the decline in the U.S. current account

TitleA quantitative assessment of the decline in the U.S. current account
Authors
KeywordsCurrent account balance
Neoclassical growth model
Total factor productivity
Issue Date2009
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jme
Citation
Journal Of Monetary Economics, 2009, v. 56 n. 8, p. 1135-1147 How to Cite?
AbstractLow frequency changes in the U.S. current account can be understood in terms of the influence of differences in productivity growth rates across time and across countries using standard growth theory. In particular, the secular decline is primarily driven by the increase in the U.S. TFP growth rate relative to its trading partners. Differences in population growth rates or fiscal policy have no significant effects on the low frequency changes in the U.S. current account. © 2009 Elsevier B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/125567
ISSN
2015 Impact Factor: 2.488
2015 SCImago Journal Rankings: 4.150
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChen, Ken_HK
dc.contributor.authorImrohoroǧlu, Aen_HK
dc.contributor.authorImrohoroǧlu, Sen_HK
dc.date.accessioned2010-10-31T11:38:46Z-
dc.date.available2010-10-31T11:38:46Z-
dc.date.issued2009en_HK
dc.identifier.citationJournal Of Monetary Economics, 2009, v. 56 n. 8, p. 1135-1147en_HK
dc.identifier.issn0304-3932en_HK
dc.identifier.urihttp://hdl.handle.net/10722/125567-
dc.description.abstractLow frequency changes in the U.S. current account can be understood in terms of the influence of differences in productivity growth rates across time and across countries using standard growth theory. In particular, the secular decline is primarily driven by the increase in the U.S. TFP growth rate relative to its trading partners. Differences in population growth rates or fiscal policy have no significant effects on the low frequency changes in the U.S. current account. © 2009 Elsevier B.V. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jmeen_HK
dc.relation.ispartofJournal of Monetary Economicsen_HK
dc.subjectCurrent account balanceen_HK
dc.subjectNeoclassical growth modelen_HK
dc.subjectTotal factor productivityen_HK
dc.titleA quantitative assessment of the decline in the U.S. current accounten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0304-3932&volume=56, Issue 8&spage=1135&epage=1147&date=2009&atitle=A+quantitative+assessment+of+the+decline+in+the+U.S.+current+accounten_HK
dc.identifier.emailChen, K: kaijic@hku.hken_HK
dc.identifier.authorityChen, K=rp01053en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.jmoneco.2009.10.014en_HK
dc.identifier.scopuseid_2-s2.0-73649101249en_HK
dc.identifier.hkuros179203en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-73649101249&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume56en_HK
dc.identifier.issue8en_HK
dc.identifier.spage1135en_HK
dc.identifier.epage1147en_HK
dc.identifier.isiWOS:000274649400011-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridChen, K=16027887300en_HK
dc.identifier.scopusauthoridImrohoroǧlu, A=6602613899en_HK
dc.identifier.scopusauthoridImrohoroǧlu, S=6602408526en_HK
dc.identifier.citeulike6188217-

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