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This paper provides empirical evidence showing that smaller countries tend to have more volatile government consumption … discretionary part of government consumption and to the volatilities of most of government consumption items. The results are robust …
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Since 2007 China has considerably reduced its external global imbalances. Its bilateral trade surpluses with the EU and the US have persisted because the rise of China’s import demand has mainly benefited its Asian neighbors and the resource rich countries. The rapid growth of China’s...
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