Dixon, Peter B.; Rimmer, Maureen T. - In: Economic Modelling 28 (2011) 1, pp. 602-613
Simulations with dynamic, single country, CGE models typically imply that reductions in domestic demand, e.g. a cut in investment, generate increases in exports and reductions in imports facilitated by real depreciation. However, currently in the U.S. a large reduction in investment is occurring...