Series: IMF Working Papers
Author(s): Emine Boz , Nan Li , and Hongrui Zhang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 January 2019
Keywords: Global imbalances, Current account, trade costs, structural gravity model, comparative advantage, trade restrictiveness, Country and Industry Studies of Trade, Open Economy Macroeconomics
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,...