Miljkovic, Dragan; Paul, Rodney - In: Journal of Agricultural and Applied Economics 40 (2008) 03
This study examines the causes of the countercyclicality of the trade balance in the three major sectors of the U.S. economy: services, manufacturing, and agriculture. These results are compared with the results pertinent to the U.S. economy as a whole. At the macroscopic level, Sachs’...