- An empirical analysis of the relationship between the
budget deficit and the trade deficit.
ABSTRACT This paper is an attempt to find the statistical evidence of the relationship between the U.S. government's budget deficit and the trade deficit by applying the cointegration and the Granger causality tests. For this purpose, the trade data are collected from the U.S. Census Bureau, Foreign Trade Division. The ......
- U.S. international services cross-border trade in 2000 and sales through affiliates in 1999
IN 2000, U.S. exports of private services exceeded U.S. import of private services; U.S. exports were $278.6 billion, while U.S. imports were $200.6 billion (table A). U.S. exports also exceeded U.S. imports in 1999; exports were $256.0 billion and imports were $173.0 billion. For services sold through majority-owned foreign and ......
- 2000 texile & apparel exports reaching US $15.6 billion
Moves in Asia Total exports from Taiwan in October 2000 reached an all-time high. With textile & apparel exports declining from the preceding month, however, a sense of disappointment spread through the industry. Nevertheless, it is expected that the range of trade surplus is going to expand in textile & ......
- TRINIDAD & TOBAGO: NEGATIVE TRADE BALANCE
NARROWS.
Trinidad & Tobago recorded a trade deficit of nearly TT$100 million (US$16.8 million) during the month of July, according to the Central Statistical Office (CSO), reports CANA (November 26, 1999). The CSO said the country imported goods valued at TT$1.311 billion vs. exports, worth TT$1.212 billion, giving a deficit of ......
- Imperfect Balance
October 19, 1987, was the worst day ever on Wall Street, at least in terms of market losses. The Dow Jones industrial average closed down 22.6%, surpassing the previous record one-day loss of 12.9% in the crash of 1929. Some analysts blamed the 1987 stock market crash on program trading, ......
- Industry Watch : Chemicals.
Chemicals: Commerce Department data for August show a rise in the chemical trade surplus to $908.4 million from a $69 million deficit in July. But the figure is down 23% from August 1998. Exports increased 8.9% in August for an annual growth rate of approximately 11%. The eight-month figure for ......
- DEALING WTH EXCHANGE RATE PROTECTIONISM
In this article, I first review protectionist allegations against China, particularly that its currency is undervalued and is being manipulated so that the renminbi (RMB) will not appreciate. Next, I discuss China's reasons for not changing its foreign exchange policies for the time being. Finally, I assess the U.S. position ......