Estimating Trade Elasticities
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Estimating Trade Elasticities
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Author : Jaime Marquez
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-14
Estimating Trade Elasticities written by Jaime Marquez and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-14 with Business & Economics categories.
One cannot exaggerate the importance of estimating how international trade responds to changes in income and prices. But there is a tension between whether one should use models that fit the data but that contradict certain aspects of the underlying theory or models that fit the theory but contradict certain aspects of the data. The essays in Estimating Trade Elasticities book offer one practical approach to deal with this tension. The analysis starts with the practical implications of optimising behaviour for estimation and it follows with a re-examination of the puzzling income elasticity for US imports that three decades of studies have not resolved. The analysis then turns to the study of the role of income and prices in determining the expansion in Asian trade, a study largely neglected in fifty years of research. With the new estimates of trade elasticities, the book examines how they assist in restoring the consistency between elasticity estimates and the world trade identity.
Estimating Trade Equations From Aggregate Bilateral Data
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Author : Mr.Tamim Bayoumi
language : en
Publisher: International Monetary Fund
Release Date : 1999-05-01
Estimating Trade Equations From Aggregate Bilateral Data written by Mr.Tamim Bayoumi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-05-01 with Business & Economics categories.
This paper uses bilateral data on 420 merchandise trade flows between 21 industrial countries are used to estimate standard trade equations. The data set of over 11,000 observations allows the underlying elasticities to be estimated with considerable precision. Remarkably, a single specification appears to explain behavior across these countries in spite of the large number of individual flows analyzed. The results indicate a powerful long-run effect from supply on exports. Also, the real exchange rate elasticity depends upon the behavior of third country exchange rates. There is evidence of pricing to market and of a J-curve.
A Method For Calculating Export Supply And Import Demand Elasticities
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Author : Mr.Stephen Tokarick
language : en
Publisher: International Monetary Fund
Release Date : 2010-07-01
A Method For Calculating Export Supply And Import Demand Elasticities written by Mr.Stephen Tokarick and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-01 with Business & Economics categories.
Trade elasticities are often needed in applied country work for various purposes and this paper describes a method for estimating import demand and export supply elasticities withoutusing econometrics. The paper reports empirical estimates of these elasticities for a large number of low, middle, and upper income countries. One task for which trade elasticities are needed is in developing exchange rate assessments and this paper shows how the estimated elasticities can be used for this purpose.
Trade Elasticities And Market Expectations In Brazil
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Author : Mr.Claudio Paiva
language : en
Publisher: International Monetary Fund
Release Date : 2003-07-01
Trade Elasticities And Market Expectations In Brazil written by Mr.Claudio Paiva and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-07-01 with Business & Economics categories.
This paper provides econometric estimates of trade elasticities for Brazil obtained through cointegration and vector auto regression models and controlling for the effects of exchange rate volatility, capacity utilization, and changes in import tariffs. The results suggest that (i) recent market expectations may have been unduly pessimistic regarding the responsiveness of Brazil's trade flows to the real exchange rate, but (ii) the GDP growth rates targeted by the new government may put downward pressure on the exchange rate and thus render the achievement of official inflation targets considerably more difficult if structural reforms are not implemented.
Elasticities In International Agricultural Trade
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Author : Colin Carter
language : en
Publisher: CRC Press
Release Date : 2019-04-24
Elasticities In International Agricultural Trade written by Colin Carter and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-24 with Science categories.
This book addresses a number of issues related to the estimation and application of elasticities in international agricultural trade. It is the outgrowth of renewed interest by researchers, traders, and others in quantifying those factors that affect international trade of agricultural products.
China S Changing Trade Elasticities
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Author : Jahangir Aziz
language : en
Publisher: International Monetary Fund
Release Date : 2007-11
China S Changing Trade Elasticities written by Jahangir Aziz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11 with Business & Economics categories.
China's sectoral trade composition, product quality mix, and import content of processing exports have all changed substantially during the past decade. This has rendered trade elasticities estimated using aggregate data highly unstable, with more recent data pointing to significantly higher demand and price elasticities. Sectoral differences in these parameters are also very wide. All this suggests greater caution in using historical data to simulate the response of the China's economy to external shocks and exchange rate changes. Analyses based on models whose estimated coefficients largely reflect the China of the 1980s and 1990s are likely to turn out to be wrong, perhaps even dramatically.
Estimating Trade Restrictiveness Indices
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Author : Hiau Looi Kee
language : en
Publisher: World Bank Publications
Release Date : 2006
Estimating Trade Restrictiveness Indices written by Hiau Looi Kee and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
The objective of this paper is to provide indicators of trade restrictiveness that include both measures of tariff and nontariff barriers for 91 developing and industrial countries. For each country, the authors estimate three trade restrictiveness indices. The first one summarizes the degree of trade distortions that each country imposes on itself through its own trade policies. The second one focuses on the trade distortions imposed by each country on its import bundle. The last index focuses on market access and summarizes the trade distortions imposed by the rest of the world on each country's export bundle. All indices are estimated for the broad aggregates of manufacturing and agriculture products. Results suggest that poor countries (and those with the highest poverty headcount) tend to be more restrictive, but they also face the highest trade barriers on their export bundle. This is partly explained by the fact that agriculture protection is generally larger than manufacturing protection. Nontariff barriers contribute more than 70 percent on average to world protection, underlying their importance for any study on trade protection.
The Great Trade Collapse Causes Consequences And Prospects
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Author : Richard E. Baldwin
language : en
Publisher: CEPR
Release Date : 2009
The Great Trade Collapse Causes Consequences And Prospects written by Richard E. Baldwin and has been published by CEPR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Commercial policy categories.
Literature On The Statistical Estimation Of Foreign Trade Elasticities
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Author : Jan Tinbergen
language : en
Publisher:
Release Date : 1950
Literature On The Statistical Estimation Of Foreign Trade Elasticities written by Jan Tinbergen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1950 with categories.
Estimating Trade Restrictiveness Indices
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Author : Hiau Looi Kee
language : en
Publisher: World Bank Publications
Release Date : 2006
Estimating Trade Restrictiveness Indices written by Hiau Looi Kee and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Protectionism categories.
The objective of this paper is to provide indicators of trade restrictiveness that include both measures of tariff and nontariff barriers for 91 developing and industrial countries. For each country, the authors estimate three trade restrictiveness indices. The first one summarizes the degree of trade distortions that each country imposes on itself through its own trade policies. The second one focuses on the trade distortions imposed by each country on its import bundle. The last index focuses on market access and summarizes the trade distortions imposed by the rest of the world on each country's export bundle. All indices are estimated for the broad aggregates of manufacturing and agriculture products. Results suggest that poor countries (and those with the highest poverty headcount) tend to be more restrictive, but they also face the highest trade barriers on their export bundle. This is partly explained by the fact that agriculture protection is generally larger than manufacturing protection. Nontariff barriers contribute more than 70 percent on average to world protection, underlying their importance for any study on trade protection.