Viewing the Current Account Deficit as a Capital Inflow

With the 1998 current account deficit approaching $225 billion, attention is again focusing on the deficit's impact on U.S. jobs. Although a high deficit does adversely affect employment in export- and import-competing industries, it also means that considerable foreign capital is flowing into the United States, supporting domestic investment spending that stimulates growth and creates jobs

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Year of publication:	2007
Authors:	Higgins, Matthew David ; Klitgaard, Thomas
Publisher:	[S.l.] : SSRN
Subject:	Leistungsbilanz \| Current account \| Kapitalimport \| Capital imports \| Außenwirtschaftliches Gleichgewicht \| External balance

Extent:	1 Online-Ressource (6 p)
Series:	Current Issues in Economics and Finance ; Vol. 4, No. 13, December 1998
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1998 erstellt
Other identifiers:	10.2139/ssrn.997029 [DOI]
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements ; F41 - Open Economy Macroeconomics ; F14 - Country and Industry Studies of Trade
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014049308