CAN GOVERNMENT PURCHASES EXPLAIN THE RECENT UNITED-STATES NET EXPORT DEFICITS
成果类型：
Article
署名作者：
YI, KM
刊物名称：
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN：
0022-1996
DOI：
10.1016/0022-1996(93)90017-R
发表日期：
1993
页码：
201-225
关键词：
摘要：
This paper investigates the role of U.S. government purchases in explaining recent U.S. net export behavior. I develop a two-country neoclassical model that emphasizes linkages from government purchases to consumption. I compare the model's implications for the movements and co-movements of net exports against their data counterparts. A parameterization in which government purchases and private consumption are complements and in which expectations of future government purchases are revised downward can account for much of the time path and co-movements of net exports. I conclude that U.S. government purchases play some role in explaining recent U.S. net export behavior.