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Literature On The Statistical Estimation Of Foreign Trade Elasticities


Literature On The Statistical Estimation Of Foreign Trade Elasticities
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Literature On The Statistical Estimation Of Foreign Trade Elasticities


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.




Elasticities In International Agricultural Trade


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.



Time Series Analysis Of Export Demand Equations


Time Series Analysis Of Export Demand Equations
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Author : Mr.Abdelhak Senhadji
language : en
Publisher: International Monetary Fund
Release Date : 1998-10-01

Time Series Analysis Of Export Demand Equations written by Mr.Abdelhak Senhadji 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 1998-10-01 with Business & Economics categories.


The paper estimates export demand elasticities for a large number of developing and developed countries, using time-series techniques that account for the nonstationarity in the data. The average long-run price and income elasticities are found to be approximately -1 and 1.5, respectively. Thus, exports do react to both the trade partners’ income and to relative prices. Africa faces the lowest income elasticities for its exports, while Asia has both the highest income and price elasticities. The price and income elasticity estimates have good statistical properties.



Quantitative International Economics


Quantitative International Economics
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Author : Edward E. Leamer
language : en
Publisher: Routledge
Release Date : 2017-09-04

Quantitative International Economics written by Edward E. Leamer and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-04 with Business & Economics categories.


This distinctive book sets forth, on an advanced level, various methods for the quantitative measurement of important relationships at issue in areas of the balance of payments and international trade and welfare. The results achieved in recent studies are presented and the directions for new research are indicated. This book is composed of two main parts.Part I deals with the balance of payments and consists of the first half of the book. One of the longest and almost important chapters of this part talks about, at length the time-series analysis of the demand for imports and exports from the point of view of an individual country. This subject has a long and somewhat checkered history dating from the 1940's, when a number of estimates using least squares multiple regression methods were made of import and export demand functions for the interwar period. The noteworthy feature of many of these estimates was that they suggested relatively low price elasticities of demand in international trade. The implication was thus drawn that the international price mechanism could not be relied on for balance-of payments adjustment purposes.This book talks about the topics of theory and measurement of the elasticity of substitution in international trade, estimating the international capital movements, and forecasting and policy analysis with econometric models. Part II deals with international trade and welfare. While, there are many other books dealing with trade theory, this title focuses on a narrower range of topics that are not always mentioned or understood by individuals, such as the theory and measurement of trade dependence and interdependence, the analysis of the component factors a country has that affects how its export growth is over time, and the welfare effects of trade liberalizationThis book serves as a guide and reference work for economics graduate students, academicians, and practicing economists in private and governmental circles. They will find this book



The Demand For Imports And Exports In The World Economy


The Demand For Imports And Exports In The World Economy
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Author : W. Charles Sawyer
language : en
Publisher: Routledge
Release Date : 2019-05-23

The Demand For Imports And Exports In The World Economy written by W. Charles Sawyer and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-23 with Business & Economics categories.


First published in 1999, this volume responds to one of the more important issues in applied international economics: the extent to which trade flows adjust to changes in income, relative prices and exchange rates. This work surveys the literature on empirical estimation of the demand for imports and exports for the US. The book is designed to be a reference book for both academic international economists and international trade practitioners in government, international organisations and the private sector.



Price Elasticities In International Trade


Price Elasticities In International Trade
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Author : Robert Mitchell Stern
language : en
Publisher: Trade Policy Research Centre
Release Date : 1976

Price Elasticities In International Trade written by Robert Mitchell Stern and has been published by Trade Policy Research Centre this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Business & Economics categories.




Armington Elasticities In Intermediate Inputs Trade


Armington Elasticities In Intermediate Inputs Trade
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Author : Mika Saito
language : en
Publisher: International Monetary Fund
Release Date : 2004-02-01

Armington Elasticities In Intermediate Inputs Trade written by Mika Saito 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 2004-02-01 with Business & Economics categories.


This paper finds that the estimates of Armington elasticities (the elasticity of substitution between groups of products identified by country of origin) obtained from multilateral trade data can differ from those obtained from bilateral trade data. In particular, the former tends to be higher than the latter when trade consists largely of intermediate inputs. Given that the variety of intermediate inputs traded across borders is increasing rapidly, and that the effect of this increase is not adequately captured in multilateral trade data, the evidence shows that the use of multilateral trade data to estimate Armington elasticities needs caution.



Handbook Of International Economics


Handbook Of International Economics
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Author : R.W. Jones
language : en
Publisher: Elsevier
Release Date : 1984

Handbook Of International Economics written by R.W. Jones and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.


This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes



Estimating Trade Elasticities


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.



Singapore


Singapore
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2015-07-24

Singapore written by International Monetary Fund. Asia and Pacific Dept 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 2015-07-24 with Business & Economics categories.


External trade plays an important role in Singapore’s economy, providing an important share of total value added. Singapore’s exports have a relatively large import share; however, they also have a high level of complexity. As emphasized in previous studies, value-added in exports plays an important role in trade elasticities. The paper finds evidence that this is indeed the case for Singapore’s export products. Products that have higher domestic value-added share also tend to have higher export price elasticity. Economic complexity is also related to export price elasticities: higher economic complexity is associated with lower price elasticity of exports. This relationship is stronger within certain product segments such as the machinery, mechanical appliances and computers as well as the pharmaceuticals segments. Trade elasticities are important to understand Singapore’s exchange rate based monetary policy transmission. Exchange rate changes can affect profits and trade volumes differently, depending upon the price pass-through to import and export prices and the price elasticity of exports and imports. The import and export price pass-through can in return depend on trade elasticities. The paper also shows that there is important product heterogeneity with respect to trade elasticities; both across different product groups but also within individual product groups. This implies that structural changes in the product composition of trade can lead to sizeable changes in Singapore’s trade elasticities.