Journal Article
The effects of a booming economy on the U.S. trade deficit
Yi, Kei-Mu; Papaioannou, Stefan (2001-02)
The robust growth of the U.S. economy between 1996 and 1999 spurred U.S. demand for foreign goods and contributed to a surge in the U.S. trade deficit. An analysis of the effects of the expansion on the trade balance suggests that the economic boom can account for roughly a third of the sharp rise in the merchandise trade deficit during this period.
Current Issues in Economics and Finance , Volume 7 , Issue Feb