This text examines the determinants of current account balances, and contrasts the conventional competitiveness approach - in which deficits are assumed to indicate low competitiveness - with an intertemporal view of the balance of payments.
The problem; determinants of the current account; measuring price and non-price competitiveness; a different view of current account balances - locational quality; four case studies; competitiveness and the current account - a spurious relationship.
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- ID: 9781858982106
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