countries did fall in 1998, the decline was not as great as in the dollar value of those imports, but reflected a greater slide … six countries that form the heart of this study were the source of 12.5 percent of US non-oil imports in 1998, and the … accrued benefit to the United States of this price collapse may have been as much as a quarter of the value of these imports …

relating real imports and exports of goods and services for the G-7 countries to their incomes and relative prices. We begin by … well as equations for French and Italian exports, are an exception. Second, income elasticities of U.S. trade have not been …

small impact on pass-through, it nevertheless plays an important role in accounting for the secular rise in imports relative …

external and internal shocks and is associated with higher per capita income growth. World trade in manufactures is growing … productivity in agriculture and manufacturing, population growth rates, and changes in the share of production and exports of …