Welcome to the UPF Digital Repository

Asymmetric trade liberalizations and current account dynamics

Show simple item record

dc.contributor.author Barattieri, Alessandro
dc.date.accessioned 2016-09-15T13:00:01Z
dc.date.available 2016-09-15T13:00:01Z
dc.date.issued 2016-04
dc.identifier.uri http://hdl.handle.net/10230/27290
dc.description.abstract In this paper, I show a strong positive correlation between the value-added share of manufacturing in 2000 and current account balances in 2007 for the Euro area countries. I propose asymmetries in the timing of trade liberalizations as a new mechanism affecting the dynamics of the current account. I build intuition using a simple model. Then, I use an international business cycle model to show how the asymmetric dynamics of trade costs in manufacturing and services in 2000-2007 can partially explain the rise in the German surplus. Lastly, I provide broad empirical support for the key predictions of the theory.
dc.description.sponsorship The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries ADEMU Working Paper Series;18
dc.rights This is an Open Access article distributed under the terms of the Creative Commons Attribution License Creative Commons Attribution 4.0 International, which permits unrestricted use, distribution and reproduction in any medium provided that the original work is properlyattributed.
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.title Asymmetric trade liberalizations and current account dynamics
dc.type info:eu-repo/semantics/workingPaper
dc.subject.keyword Current account dynamics
dc.subject.keyword Relative trade liberalization measures
dc.relation.projectID info:eu-repo/grantAgreement/EC/H2020/649396
dc.rights.accessRights info:eu-repo/semantics/openAccess


This item appears in the following Collection(s)

Show simple item record

Search DSpace

Advanced Search


My Account


Compliant to Partaking