Does Household Borrowing Reduce the Trade Balance? Evidence from Developing and Developed Countries

IF 1.5 4区经济学 Q2 ECONOMICS

Open Economies Review Pub Date : 2023-02-23 DOI:10.1007/s11079-023-09713-w

Can Xu, Jan Jacobs, Jakob de Haan

引用次数: 0

Abstract

Abstract We examine the dynamic impact of household borrowing on the trade balance using data from 32 developing countries and 36 developed countries over the 1980-2020 period. Our findings suggest that the impact of household borrowing on the trade balance is negative, both in the short and long run, but the effects are more pronounced in developing countries. Moreover, we find that for developing countries the negative effect of household borrowing on the trade balance is achieved via boosting imports. In developed countries, household borrowing stimulates both imports and exports, where the effect on imports is larger.

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家庭借贷会减少贸易差额吗?来自发展中国家和发达国家的证据

本文利用1980-2020年间32个发展中国家和36个发达国家的数据，研究了家庭借贷对贸易平衡的动态影响。我们的研究结果表明，无论从短期还是长期来看，家庭借贷对贸易平衡的影响都是负面的，但这种影响在发展中国家更为明显。此外，我们发现，对于发展中国家来说，家庭借贷对贸易平衡的负面影响是通过促进进口来实现的。在发达国家，家庭借贷刺激进口和出口，对进口的影响更大。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Open Economies Review ECONOMICS-

CiteScore

2.30

自引率

16.70%

发文量

期刊介绍： The topics covered in Open Economies Review include, but are not limited to, models and applications of (1) trade flows, (2) commercial policy, (3) adjustment mechanism to external imbalances, (4) exchange rate movements, (5) alternative monetary regimes, (6) real and financial integration, (7) monetary union, (8) economic development and (9) external debt. Open Economies Review welcomes original manuscripts, both theoretical and empirical, dealing with international economic issues or national economic issues that have transnational relevance. Furthermore, Open Economies Review solicits contributions bearing on specific events on important branches of the literature. Open Economies Review is open to any and all contributions, without preferences for any particular viewpoint or school of thought. Open Economies Review encourages interdisciplinary communication and interaction among researchers in the vast area of international and transnational economics. Authors will be expected to meet the scientific standards prevailing in their respective fields, and empirical findings must be reproducible. Regardless of degree of complexity and specificity, authors are expected to write an introduction, setting forth the nature of their research and the significance of their findings, in a manner accessible to researchers in other disciplines. Officially cited as: Open Econ Rev