Why has trade grown faster than income?

Andrew Rose

No 390, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Trade of the OECD countries has grown faster than income during the postwar period. This paper tests a number of different hypotheses for the observed growth in the trade/income ratio. For small open economies, increases in real output and international reserves, as well as declines in tariff rates are associated with growth in the ratio. There are important differences in the behavior of the trade ratio across time and country size.

Keywords: Income; International trade (search for similar items in EconPapers)
Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.federalreserve.gov/pubs/ifdp/1990/390/default.htm (text/html)
http://www.federalreserve.gov/pubs/ifdp/1990/390/ifdp390.pdf (application/pdf)

Related works:
Journal Article: Why Has Trade Grown Faster than Income? (1991)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgif:390

Access Statistics for this paper

More papers in International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.) Contact information at EDIRC.
Bibliographic data for series maintained by Ryan Wolfslayer ; Keisha Fournillier ().