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 Elasticities
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Author : Jaime Marquez
language : en
Publisher:
Release Date : 2014-01-15
Estimating Trade Elasticities written by Jaime Marquez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-15 with categories.
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.
Estimating Trade Elasticities
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Author : Matthieu Bussière
language : en
Publisher:
Release Date : 2011
Estimating Trade Elasticities written by Matthieu Bussière and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Economics categories.
This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity-adjusted measure of aggregate demand, with the foundation of a stylized theoretical model. We compute the import intensity of demand components by using the OECD Input-Output tables. We argue that the composition of demand plays a key role in trade dynamics because of the large movements in the most import-intensive categories of expenditure (especially investment, but also exports). We provide evidence in favor of these mechanisms for a panel of 18 OECD countries, paying particular attention to the 2008-09 Great Trade Collapse.
Handbook Of Computable General Equilibrium Modeling
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Author : Peter B. Dixon
language : en
Publisher: Newnes
Release Date : 2013-01-08
Handbook Of Computable General Equilibrium Modeling written by Peter B. Dixon and has been published by Newnes this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-08 with Business & Economics categories.
Top scholars synthesize and analyze scholarship on this widely used tool of policy analysis in 27 articles, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top U.S. graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. - Presents coherent summaries of CGE theories that inform major model types - Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results - Shows how CGE modeling has made a contribution to economic policy
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.
Estimating Trade Elasticities
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Author : Matthieu Bussière
language : en
Publisher:
Release Date : 2011
Estimating Trade Elasticities written by Matthieu Bussière and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Economics categories.
This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity-adjusted measure of aggregate demand, with the foundation of a stylized theoretical model. We compute the import intensity of demand components by using the OECD Input-Output tables. We argue that the composition of demand plays a key role in trade dynamics because of the large movements in the most import-intensive categories of expenditure (especially investment, but also exports). We provide evidence in favor of these mechanisms for a panel of 18 OECD countries, paying particular attention to the 2008-09 Great Trade Collapse.
A Practical Guide To Trade Policy Analysis
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Author : United Nations
language : en
Publisher: United Nations Publications
Release Date : 2012
A Practical Guide To Trade Policy Analysis written by United Nations and has been published by United Nations Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Political Science categories.
In recent years, globalization and trade openings have become increasingly contentious. This book aims to fill a gap in the market by guiding the users through the main sources of data and the most useful empirical tools for trade and trade policy analysis in an applied, real-world context. This approach builds on the comparative advantage of the authoring organizations - the WTO and UNCTAD - both of which have a strong policy focus. It quantifies trade flows and trade policies, presents the gravity models, and covers a number of simulation methodologies to predict the effects of trade and trade-related policies on trade flows, welfare and the distribution of income.
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.