The Global Trade Slowdown : Cyclical or Structural?
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. We use a simple empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Published by Oxford University Press on behalf of the World Bank
2021
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/36074 |