This paper analyzes a useful accounting framework that breaks down the current account to two components: a composition effect and a growth effect. We show that past empirical evidence, which strongly supports the growth effect as the main driver of current account dynamics, is misconceived. The...

In language testing literature, the lexical profiles issue has been extensively discussed when examining the quality of reading texts in high-stakes tests. The interpretation and use of lexical profiles, however, have been lacking a point of reference (i.e., benchmarks). Therefore, this study...