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| Format: | Artículo científico |
| Language: | en |
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Universidad de Huelva
2017
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| Online Access: | https://www.redalyc.org/articulo.oa?id=86654076006 |
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| _version_ | 1866817305536626688 |
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| author | Julio Goicoechea |
| author_facet | Julio Goicoechea |
| contents | Foreign Trade of Capital Goods in the United States: A Persistent Deterioration Julio Goicoechea Economía y Finanzas Capital Goods Trade Deficit Industrial Output Effective Exchange Rate Foreign trade of capital goods in the United States from 1994 to 2016 is specifically examined. A lagging performance of exports vis-à-vis imports in terms of magnitude, growth rate as well as price reductions has led to the current deficit. Domestic industrial output is a determining factor in the extent of foreign trade of capital goods. It exposes very large coefficients in the long term for exports (2.89), as well as for imports (4.34). Concerning the effective exchange rate, coefficients are systematically negative and elastic. Hence, a depreciation of the dollar could further deteriorate the external accounts of this sector. The United States trade deficit is expected to continue. As a whole, it is based on a mutual need: it fulfills the private interests of the incumbent parties. 2017 artículo científico 1576-0162 https://www.redalyc.org/articulo.oa?id=86654076006 en http://www.redalyc.org/revista.oa?id=866 REM. Revista de Economía Mundial application/pdf Universidad de Huelva REM. Revista de Economía Mundial (España) Num.47 |
| format | Artículo científico |
| id | redalyc_86654076006 |
| language | en |
| publishDate | 2017 |
| publisher | Universidad de Huelva |
| spellingShingle | Foreign Trade of Capital Goods in the United States: A Persistent Deterioration Julio Goicoechea Economía y Finanzas Capital Goods Trade Deficit Industrial Output Effective Exchange Rate Foreign Trade of Capital Goods in the United States: A Persistent Deterioration Julio Goicoechea Economía y Finanzas Capital Goods Trade Deficit Industrial Output Effective Exchange Rate Foreign trade of capital goods in the United States from 1994 to 2016 is specifically examined. A lagging performance of exports vis-à-vis imports in terms of magnitude, growth rate as well as price reductions has led to the current deficit. Domestic industrial output is a determining factor in the extent of foreign trade of capital goods. It exposes very large coefficients in the long term for exports (2.89), as well as for imports (4.34). Concerning the effective exchange rate, coefficients are systematically negative and elastic. Hence, a depreciation of the dollar could further deteriorate the external accounts of this sector. The United States trade deficit is expected to continue. As a whole, it is based on a mutual need: it fulfills the private interests of the incumbent parties. 2017 artículo científico 1576-0162 https://www.redalyc.org/articulo.oa?id=86654076006 en http://www.redalyc.org/revista.oa?id=866 REM. Revista de Economía Mundial application/pdf Universidad de Huelva REM. Revista de Economía Mundial (España) Num.47 |
| title | Foreign Trade of Capital Goods in the United States: A Persistent Deterioration |
| topic | Economía y Finanzas Capital Goods Trade Deficit Industrial Output Effective Exchange Rate |
| url | https://www.redalyc.org/articulo.oa?id=86654076006 |