Ec413: Global capital flows Michaelmas 2009
US trade deficit and a GDP
Billions US$
1200
Ec413: Global capital flows 1000
800
US Trade Deficit
600
India GDP
Danny Quah 400
Economics Department, LSE 200
Michaelmas 2009
0
1980 1985 1990 1995 2000 2005
Ec413: Global capital flows D. Quah 2
US bilateral trade balance US bilateral trade balance
10 10
0 0
1980q1 1985q1 1990q1 1995q1 2000q1 2005q1 1980q1 1985q1 1990q1 1995q1 2000q1 2005q1
-10 -10
-20 -20
-30 -30 China
-40 China -40 Oil exporters
-50 -50 EU
-60 -60
-70 -70
US bilateral trade balance US bilateral trade balance
-80 -80
Ec413: Global capital flows D. Quah 3 Ec413: Global capital flows D. Quah 4
US bilateral trade balances
10
0
1980q1 1985q1 1990q1 1995q1 2000q1 2005q1
-10
-20
Ec413: Global capital flows
-30 China
Oil exporters
-40
EU
-50
Oil+EU
-60
-70
Danny Quah
US bilateral trade balance Economics Department, LSE
-80
Michaelmas 2009
Ec413: Global capital flows D. Quah 5
D. Quah 1