Such a combination of shocks would lead not only to a maximum income effect on the U.
securities have fallen back a bit, while, at the same time, the U.
Thus, fiscal policy appears to have a significant role to play in U.
Strong agricultural exports contribute to a positive U.
comparative advantage in exports of high-technology products has eroded: the U.
With respect to growth differentials, movements in the U.
Zrust pointed out that, in 2001, the aerospace industry was the largest positive net contributor to the U.
When the results for imports are viewed along with the impulse response function for exports, they suggest that the effect on the U.
These estimates imply that equal growth in the United States and abroad automatically will lead to a worsening in the U.
comparative advantage in producing certain kinds of services and the same relative price and income movements that have led to continued improvements in the U.
In other words, these 2,300 companies contributed a positive $17 billion to the U.