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@article{ Veselkova2010,
 title = {Income shocks to trade balance under the gold standard},
 author = {Veselkova, Marcela},
 journal = {Historical Social Research},
 number = {3},
 pages = {412-427},
 volume = {35},
 year = {2010},
 issn = {0172-6404},
 doi = {https://doi.org/10.12759/hsr.35.2010.3.412-427},
 urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-310820},
 abstract = {"This paper investigates the major sources of changes in the trade balance of seven European countries - Denmark, France, Great Britain, Germany, Italy, Norway, and Sweden - before the World War I using the structural vector autoregression analysis. The results suggest that the transitory shocks to income are the main source of variation in the trade balance, whereas the permanent shocks to income determine the changes in the income." (author's abstract)},
 keywords = {Italy; demand; historische Entwicklung; trade balance; capital market; Denmark; Angebot; Italien; Germany; Norway; supply; Nachfrage; historical development; price elasticity; Norwegen; Preiselastizität; Dänemark; macroeconomics; economic theory; Import; Makroökonomie; export; income; import; Gold; gold; international comparison; France; Deutschland; Goldwährung; Erster Weltkrieg; Kapitalmarkt; Großbritannien; Frankreich; Handelsbilanz; ökonomische Theorie; Einkommen; internationaler Vergleich; Great Britain; Export; gold standard; First World War}}