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Capital goods imports, the real exchange rate, and the current account (English)

Abstract

Conventional aggregate models of open economies typically rule out trade in capital goods. But capital goods account for a major share of the world trade. In 1990, they represented more than 40 percent of U.S. merchandise exports and more than 30 percent...  See More +

Details

  • Serven, Luis;
  • 1994/05/31
  • Policy Research Working Paper;
  • WPS1298
  • 1
  • 1
  • 2010/07/01
  • Capital goods imports, the real exchange rate, and the current account
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