Glimpse into the US-china bilateral trade imbalance.

Glimpse into the US-china bilateral trade imbalance.

This paper seeks to address the causes of global imbalances through the macroeconomic perspectives of elasticity and savings-investment theories. We concentrate on the US-China bilateral trade relations by investigating the determinants of the US-China bilateral trade balance and their respective cu...

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Main Authors: Chan, Hoi Ting., Lim, Alice Wan Wei., Ong, Michelle Mei Ping.
Other Authors: Tan, Kim Heng
Format: Final Year Project
Published: 2008
Subjects:
DRNTU::Business::International business::Balance of trade
Online Access:http://hdl.handle.net/10356/2166
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Institution: Nanyang Technological University
id sg-ntu-dr.10356-2166
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spelling sg-ntu-dr.10356-21662019-12-10T11:38:27Z Glimpse into the US-china bilateral trade imbalance. Chan, Hoi Ting. Lim, Alice Wan Wei. Ong, Michelle Mei Ping. Tan, Kim Heng School of Humanities and Social Sciences DRNTU::Business::International business::Balance of trade This paper seeks to address the causes of global imbalances through the macroeconomic perspectives of elasticity and savings-investment theories. We concentrate on the US-China bilateral trade relations by investigating the determinants of the US-China bilateral trade balance and their respective current account balances. Using the error correction model, we found that relative income growth rates and investment are the more influential elements in contributing to the trade imbalance. The Unit Labour Cost (ULC) is introduced as a form of cost competitiveness under the elasticity approach, and our findings showed that it is a significant factor. Bachelor of Arts 2008-09-16T06:35:49Z 2008-09-16T06:35:49Z 2008 2008 Final Year Project (FYP) http://hdl.handle.net/10356/2166 Nanyang Technological University application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
topic DRNTU::Business::International business::Balance of trade
spellingShingle DRNTU::Business::International business::Balance of trade
Chan, Hoi Ting.
Lim, Alice Wan Wei.
Ong, Michelle Mei Ping.
Glimpse into the US-china bilateral trade imbalance.
description This paper seeks to address the causes of global imbalances through the macroeconomic perspectives of elasticity and savings-investment theories. We concentrate on the US-China bilateral trade relations by investigating the determinants of the US-China bilateral trade balance and their respective current account balances. Using the error correction model, we found that relative income growth rates and investment are the more influential elements in contributing to the trade imbalance. The Unit Labour Cost (ULC) is introduced as a form of cost competitiveness under the elasticity approach, and our findings showed that it is a significant factor.
author2 Tan, Kim Heng
author_facet Tan, Kim Heng
Chan, Hoi Ting.
Lim, Alice Wan Wei.
Ong, Michelle Mei Ping.
format Final Year Project
author Chan, Hoi Ting.
Lim, Alice Wan Wei.
Ong, Michelle Mei Ping.
author_sort Chan, Hoi Ting.
title Glimpse into the US-china bilateral trade imbalance.
title_short Glimpse into the US-china bilateral trade imbalance.
title_full Glimpse into the US-china bilateral trade imbalance.
title_fullStr Glimpse into the US-china bilateral trade imbalance.
title_full_unstemmed Glimpse into the US-china bilateral trade imbalance.
title_sort glimpse into the us-china bilateral trade imbalance.
publishDate 2008
url http://hdl.handle.net/10356/2166
_version_ 1681034422809264128

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