文章基本信息

标题：Income Effects on the Trade Balance in the United States: Analysis by Sector
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作者：Miljkovic, Dragan ; Paul, Rodney
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2008
卷号：39
期号：12
页码：967-982
出版社：Food Distribution Research Society
摘要：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’ hypothesis seems to explain the countercyclicality of the trade balance, while results are mixed across individual sectors. The services sector may be explained by Sachs’ hypothesis, while results for the manufacturing sector are more consistent with the real business cycle hypothesis. The results for the agricultural sector, however, cannot be explained by either hypothesis.
关键词：decomposition of variance;real business cycle;trade balance