LEVEL OF EXPOSURE TO GLOBAL TRADE FLOWS: WHERE DOES THE U.S. ECONOMY STAND?
Using the cointegration model and Granger causality, this paper explains how trade flows affected the US economy via consumption expenditures in the 1960-93 subperiod. However, trade flows did not significantly affect the US economy in the 1994-98 subperiod because consumption expenditures weakly ca...
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| Format: | Article |
| Language: | English |
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People & Global Business Association (P&GBA)
2000-09-01
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| Series: | Global Business and Finance Review |
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| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150625113710-VX6B1.pdf |