The Global Trade Slowdown: Cyclical or Structural?

The Global Trade Slowdown: Cyclical or Structural?
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the... READ MORE...

Publication date: January 2015
ISBN 9781498399135
$18.00

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