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来源类型 | Working Paper |
规范类型 | 工作论文 |
来源ID | Working Paper15-11 |
The Resilient Trade Surplus, the Pharmaceutical Sector, and Exchange Rate Assessments in Switzerland | |
Philip Saure (Swiss National Bank) | |
发表日期 | 2015-07-01 |
出版年 | 2015 |
语种 | 英语 |
摘要 | With its cost- and time-intensive research and development, the pharmaceutical sector can generate large trade imbalances. These imbalances may arise because investment and output occur in different years; they are sizable if pharmaceuticals account for a large and growing share of exports. Switzerland's recent trade surplus results from this effect, which also explains why the Swiss trade surplus is exceptionally resilient. The Swiss trade surplus is, therefore, a poor indicator for exchange rate assessments. Data disclosure: The data underlying the figures in this analysis are available here [xlsx]. |
主题 | Europe & Central Asia ; Currency ; Health ; Trade Deficit |
URL | https://www.piie.com/publications/working-papers/resilient-trade-surplus-pharmaceutical-sector-and-exchange-rate |
来源智库 | Peterson Institute for International Economics (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/454125 |
推荐引用方式 GB/T 7714 | Philip Saure . The Resilient Trade Surplus, the Pharmaceutical Sector, and Exchange Rate Assessments in Switzerland. 2015. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
wp15-11.pdf(260KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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