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Low Savings or a High Trade Deficit?:

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  • Peter Dorman

Abstract

Low savings do not drive the trade deficit, argues this author. Rather, the nation has to deal with its propensity to import foreign goods and the high value of the dollar.

Suggested Citation

  • Peter Dorman, 2007. "Low Savings or a High Trade Deficit?:," Challenge, Taylor & Francis Journals, vol. 50(4), pages 49-64.
    • Handle: RePEc:mes:challe:v:50:y:2007:i:4:p:49-64
    DOI: 10.2753/0577-5132500404
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    References listed on IDEAS

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    1. Bayoumi, Tamim, 1998. "Estimating Trade Equations from Aggregate Bilateral Data," CEPR Discussion Papers 1970, C.E.P.R. Discussion Papers.
    2. Cheung, Yin-Wong & Chinn, Menzie David & Garcia Pascual, Antonio, 2003. "Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?," Santa Cruz Department of Economics, Working Paper Series qt12z9x4c5, Department of Economics, UC Santa Cruz.
    3. Kenneth Rogoff, 1996. "The Purchasing Power Parity Puzzle," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 647-668, June.
    4. Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
    5. Obstfeld, Maurice & Rogoff, Kenneth, 1995. "The intertemporal approach to the current account," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 34, pages 1731-1799, Elsevier.
    6. John S.L. McCombie, 1997. "On the Empirics of Balance-Of-Payments–Constrained Growth," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 19(3), pages 345-375, March.
    7. N/A, 2005. "The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 194(1), pages 8-33, October.
    8. Cheung, Yin-Wong & Chinn, Menzie D. & Pascual, Antonio Garcia, 2005. "Empirical exchange rate models of the nineties: Are any fit to survive?," Journal of International Money and Finance, Elsevier, vol. 24(7), pages 1150-1175, November.
    9. N/A, 2005. "The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 193(1), pages 11-32, July.
    10. Penélope López & A. Thirlwall, 2006. "Trade liberalization, the income elasticity of demand for imports, and growth in Latin America," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 29(1), pages 41-61.
    11. N/A, 2005. "The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 192(1), pages 11-32, April.
    12. G. M. Grossman & K. Rogoff (ed.), 1995. "Handbook of International Economics," Handbook of International Economics, Elsevier, edition 1, volume 3, number 3.
    13. Meese, Richard A. & Rogoff, Kenneth, 1983. "Empirical exchange rate models of the seventies : Do they fit out of sample?," Journal of International Economics, Elsevier, vol. 14(1-2), pages 3-24, February.
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Reframing Rebalancing
      by Peter Dorman in EconoSpeak on 2010-08-11 15:53:00

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