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External Imbalances and the Extensive Margin of Trade
Author(s) -
Galstyan Vahagn,
Lane Philip R.
Publication year - 2008
Publication title -
economic notes
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.274
H-Index - 19
eISSN - 1468-0300
pISSN - 0391-5026
DOI - 10.1111/j.1468-0300.2008.00200.x
Subject(s) - margin (machine learning) , economics , sample (material) , international economics , large sample , international trade , econometrics , statistics , mathematics , computer science , chemistry , chromatography , machine learning
We quantify the role of the extensive margin in the recent trade dynamics of selected countries that are running large and persistent trade imbalances. We find that the role of the extensive margin is quite substantial, although it varies in significance across the countries in the sample. Finally, we highlight differences in behaviour between the fixed‐varieties and varieties‐adjusted terms of trade.