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220928 ||| eng |
| 020 |
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|a 9781484392171
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| 100 |
1 |
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|a Boz, Emine
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| 245 |
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0 |
|a Effective Trade Costs and the Current Account: An Empirical Analysis
|c Emine Boz, Nan Li, Hongrui Zhang
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2019
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| 300 |
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|a 42 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Balance of trade
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| 653 |
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|a Tariffs
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| 653 |
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|a Tariff
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| 653 |
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|a International Trade Organizations
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| 653 |
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|a Short-term Capital Movements
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Taxes
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| 653 |
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|a Trade Policy
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| 653 |
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|a Current Account Adjustment
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| 653 |
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|a Trade balance
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| 653 |
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|a Open Economy Macroeconomics
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| 653 |
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|a Trade: General
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| 653 |
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|a Exports and Imports
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| 653 |
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|a International economics
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| 653 |
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|a International trade
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| 653 |
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|a Exports
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| 653 |
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|a Comparative advantage
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| 653 |
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|a Empirical Studies of Trade
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| 653 |
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|a Taxation
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| 653 |
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|a Imports
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| 653 |
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|a Neoclassical Models of Trade
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| 700 |
1 |
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|a Li, Nan
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| 700 |
1 |
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|a Zhang, Hongrui
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781484392171.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2019/008/001.2019.issue-008-en.xml?cid=46495-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries specializing in low trade cost sectors, such as manufacturing, tend to run current account surpluses. To test this view, we first infer comparative advantages and trade costs, by sector, within a large sample of countries for the period 1970–2014. Then we construct effective trade costs—trade costs weighted by sectoral comparative advantage—to gauge the height of a country’s overall trade costs. Results reveal that, although higher effective exporting costs are associated with lower current account balances, their impact is quantitatively limited; furthermore, the effective costs of importing often have no statistically significant effect
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