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The current account deficit of the United States is more than six percent of its gross domestic product—an all-time high. And the rest of the world, including other G7 countries such as Japan and Germany, must collectively run current account surpluses to finance this deficit. How long can...
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of export volumes as well as export surges, that is, the periods of rapid sustained export growth. It asks whether the … determinants of export growth rates and export surges differ between merchandise, traditional services, and modern services and … whether developing countries are different. It confirm the importance of the real exchange rate for export growth. The paper …
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